Replies to post #6113 on DoMark International Inc. (fka DOMK)

[Voices of Reason]

Correction - at the most recent low share price of $0.0004, the conversion would equate to 2.5 billion shares, not 2 billion. Irregardless of the quantity, the weighted average discount to market price is 38% - meaning that on average, the toxic convertibles will be done at a price that is 62% less than the going market price. Due to the volatility of the stock price, they have a huge incentive to liquidate immediately upon conversion.

[ducduc1]

Just a repost for everyone

[Vish2]

With 250M odd volume of last 2 days, do you expect last of debt notes getting reduced/over soon, may be less than 150M now? Just curious as you seem to be sure of those figures in your post.

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Voices of Reason Tuesday, 07/15/14 03:05:56 PM
Re: lukin4winners post# 6112
Post # of 6503
Unfortunately, the debt conversion train will keep coming. At today's low of $0.0005/share, the remaining $389,700 of convertible debt shown in the last quarterly statement (ie does not include any subsequent debt notes), will convert into over 2 billion (yes "billion") shares. The breakdown by month at this conversion rate is shown as follows:

August = 237 million shares
September = 175 million shares
October = 369 million shares
November = 352 million shares
December = 250 million shares
February = 647 million shares