Good Morning, I figure 21.9 million shares from convert if one uses $.02 price.
I come up with around 21.9 million shares from the convertibles at a price of $.02.
1.$164,000/(stock price times 50%) = 16.4 million shares
( note if stock price is .02 and discount 50%, they get shares at $.01), second the unamortised discount is part of total face value of note as far as I can see).
2.$64,000/(stock price times 70%)= 4.92 million
2.$8,023 (stock price times 70%) = .57 million.
Of course if stock price fluctuates, this could be a higher or lower number.
Keep in mind the people who provide such financing normally couldnt care less about the price, they want volume- their discount is built-in and automatic. If they sell and have three days to settle with their broker that is fine with them.
