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Eli's Gone

10/16/15 6:52 PM

#157693 RE: gempicker #157692

Not without hurting one's head LOL...they did draws last quarter on the two unregistered loans that still had $$ available--the "good" news is those type loans are either paid (3) or pretty much tapped out (2) with a balance...

the two latest draws in this table obviously haven't reached the convertible stage yet--and impossible to tell if the dilution is convertible balances or registered puts...

unfortunately, $200K of unregistered convertible debt is about 1/4B shares at this price point..

again, we wait for the filings

Eli's Gone

10/16/15 7:15 PM

#157694 RE: gempicker #157692

Revisiting your question--as you note, the "double prints" skew the $ volume---so the bestest way to get a ballpark would be to use the O/S increases--assume all increases were debt service--and use the VWAP data to figure how much debt was serviced...

either way---lots of assumptions :-)...

example:

last two weeks:

~53M share increase

VWAP ~.0014

1. convertible debt at ~ .00091 using 65% conversion rate

53M shares=~$48K

2. S1 put: (.8)(.0014)=.00112

53M shares=~$59K

I'll still wait for the filing :-)