According to the new prospectus filed they still have around $900k on debt that still needs to be converted, not including any other debt they have incurred.
How many shares is that at current prices given the 40% discount?
Almost a BILLION shares.
There are tears in my eyes from laughter.......
And they have to raise more money !!!!! it never ends........
They are almost at 900 million shares now and then add a BILLION more, then add the next batch of conversions from the newest prospectus and you are at well OVER 2 billion shares outstanding.
Don't forget they owe almost $500k in short term liabilities !!!!!! they don't have they money to pay for that so they will probably issue stock....... ooooppppssss!!!!! there goes another 500 million shares!
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