Replies to post #19787 on Arrayit Corporation (ARYC)

[MikeCr]

It is right on the 13G They don't own these shares yet.

42,705,077*

*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security

IMO They can acquire them after Oct. 20 when they can start conversions (According to the 10Q)
Once they acquire them, they can sell them or they can hold them.

The current O/S is 427M. If VisVires converts all ~43M, the O/S will be close to the A/S of 480M

But, the loan is for $74,500. If the pps is like today, they would convert only 74,500/( 0.7 X 0.0042)= 24M shares.

So it all depends on the pps in the 10 trading sessions before Oct 20.

Until October 20, 2015 the note is redeemable at between 110% and 135% of the face value plus accrued interest. After October 20, 2015 the Note is convertible into common stock, at VVG’s option, at a 30% discount to the average of the three lowest OTCQB closing bid prices of the common stock during the 10 trading day period prior to conversion

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