we is us shareholders and we know bc its in the filings and i took hours upon hours to pull it up up and go through it all. every filing for the past two plus years.convert guys listed below
how many shares exactly i do not know as i am not sure exactly what price vista and jmj will be converting at. vista is $50,000 worth and jmj is $40,000 worth. typenex as well but can not figure out typenex bc their agreement is real funky with true ups and warrants . an attorney would need another attorney to figure that agreement out. the question i have is iconic and jsj should have converted before pazoo was late on their filing so no one could possibly know if they sold out of everything they had or still had some shares left when pazoo went delinquent. thats why i have estimated between about 25 million and 50 million. i know this is a wide variance but there is just some unkowns that i can not answer until the next 8K is filed listing it all. being that i used to be a convertible note investor from 2000 thru 2007 i will tell you they can not convert and sell fast enough. why at this low price. i said a few days ago that a convertible note investor will give up potentially bigger gains in exchange for reduced risk. i am estimating that most of these conversions are being done at the .004 range approximately bc of a 25 trading day look back in their agreements. it is of utmost importance to them to turn the money over. elimination of risk is primary rule number one. this limits downside. they are not investors like you and me. we are willing to take a bigger risk in hopes of bigger gains. they just want to turn money over and over and over. thats how they make their money
the mentality of these convertible note investors is very sound but very ruthless. i hope this helps.
if jsj and iconic still have shares left the selling will start right away. if not then the selling will start middle to end of the first day. the market makers will begin sto sell for them once the transfers are put in bc the market makers are fully aware that the transfer agent has the shares on reserve in book entry and the whole transaction is actually already approved 6 months earlier upon signing of the deal. again reduction of risk. they take nothing for granted. when they are able to convert all the paperwork was done months ago with shares sitting in reserve in book entry. the only decision to be made is the number of shares needed on the conversion based on the trading price of the stock at the time of conversion. this stuff works like clock work
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