InvestorsHub Logo
Followers 40
Posts 1799
Boards Moderated 0
Alias Born 04/19/2007

Re: None

Tuesday, 04/09/2013 3:29:32 PM

Tuesday, April 09, 2013 3:29:32 PM

Post# of 34565
Recent dilution:

After these two conversions, the unconverted balance of the note will be $93,994.71. The aggregate number of shares to be issued in the two conversions is 118,923,000 shares. After the issue of shares in these two conversions, we will have a total of 1,512,491,183 shares issued and outstanding.


Future potential dilution damage:

The conversion factor on the note is one-half of the twenty-day weighted average of closing price of our common stock as reported on Bloomberg.com/markets. If the outstanding balance of this note were to be converted today, we would be obligated to issue $0.0002 shares.


Substance over style.