Replies to post #81672 on Cuentas Inc (CUEN)

[Regiment]

After actually calculating how much product/inventory 140k would represent I think the 149k in December is a lie as well.

[DrContango]

On August 4, 2014, Pleasant Kids, Inc. (Formerly NYBD Holdings, Inc.) sold and issued a Convertible Promissory Note to KBM WORLDWIDE, Inc. in the principal amount of $27,500 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of eight (8%), is due on February 4, 2014. The Note is convertible into the Company's common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 45% of the Market Price of the Company's common stock on the date of conversion. "Market Price" is defined in the Note as the average of the lowest three (3) trading prices for the Company's common stock during the ten (30) trading days prior to the conversion date. The Company has the right to prepay the Note at any time from the date of issuance until the 180th day the Note was issued at an amount equal to 150% of the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date. As of the year ended September 30, 2014, the balance on the note is $21,500. The Company recorded $268.50 of accrued interest pursuant to this convertible note.

Is the Market Price determined by ten or thirty trading days prior to conversion?

We've now had 2 prints of .0001 in the past week.

just one more trade at .0001 and KBM will convert at .000045/share.

$21768 will convert to 484M shares.

shares outstanding 9/30/14: 3.483B
subsequent events 12/2014: 1.012B converted

shares outstanding 12/31/2014: 4.483B

Not much room to spare...



Doc