The latest 504's were filed 3/26. One date of first sale was dated after 2/28 for $8000, and one stated that $7000 was remaining to be sold, and 2 stated $2500 remaining to be sold.
That means that 644,935,000 shares were issued in exchange for $33,000, or .000051/share... almost EXACTLY what I had estimated.
Using the same discount rate, there are most likely another 390,870,000 shares that have been issued since 2/28 for the remaining $20,000, bringing the current OS up to about 1.88 billion just from the 504 shares.
That only leaves about 25% of the AS not yet issued. IF this mj company is so valuable that it justifies increasing the QASP market cap 100x as purported by many, I can't see how this deal could happen without giving them a pile of shares...
The most likely scenario is they get preferred shares, and then once they've maxed out the AS, they either increase it again or do a RS. If I were them, I sure wouldn't accept common shares...
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