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Re: ZipCash post# 34896

Wednesday, 05/15/2013 9:08:07 AM

Wednesday, May 15, 2013 9:08:07 AM

Post# of 39209

i added yesterday and will add more today $IMDS



Not smart. Do you realize how these debt conversion work? Below are some clips from thier last 10Q. It's an example of the discounts these fellas get on conversion. On December 21st, 2012, just after the RS, the share price was around the .04 mark. They convert on the lowest bid, so going by the below info, the bid must have been around .019.


On December 18, 2012, Levin Consulting Group executed a partial debt to equity conversion of the $70,000 short-term promissory note originally dated August 25, 2011 and purchased on August 20, 2012 from Southridge, in which they converted $10,000 principal and $315 in interest. We issued Levin Consulting Group 1,085,800 common shares pursuant to Rule 144 based on an agreed conversion price of $0.0095 per share. On January 10, 2013 we issued Levin Consulting Group an additional 633,383 shares because the closing bid price on the clearing date fell below the Initial closing bid price.

On December 18, 2012, SGI Group executed a partial debt to equity conversion of the $30,000 short-term promissory note originally dated August 25, 2011 and purchased on August 20, 2012 from Southridge, in which they converted $10,000 principal and $315 in interest. We issued SGI Group 1,085,800 common shares pursuant to Rule 144 based on an agreed conversion price of $0.0095 per share.

On December 21, 2012, WHC Capital LLC executed a partial debt to equity conversion of the $46,400 short-term promissory note originally dated December 10, 2010 and purchased on August 20, 2012 from a private investor, in which they converted $9,329 principal. We issued WHC Capital LLC 982,000 common shares pursuant to Rule 144 based on an agreed conversion price of $0.0095 per share.


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