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jomama454

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jomama454

Re: Don post# 49437

Wednesday, 11/14/2012 3:32:31 PM

Wednesday, November 14, 2012 3:32:31 PM

Post# of 80403
Ok, Did the math.. You are right, here is why

Issued 300 million shares ( todays price .0004=$120k )

Retired debt of $135k

Took on additional debt of $67.5K convertible to stock at discount of 45% so lets say its $100k of todays price if they convert.

Yep, company is in the toilet.

Looks better than I thought ! Thanks !
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