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SteelTrapMind

05/14/16 2:30 AM

#19328 RE: Watkins #19327

" The Coventry Note is convertible into common stock, subject to Rule 144, at any time after the issue date, at 50% of the lowest closing bid price (subject to a $0.004 ceiling price) "

"At any time after the issue date", not maturity date, so no, not in one year

AND the price it's supposed to be converted for is 50% of the lowest closing bid price, lowest PPS allowed being $.004

May 2017 is the last possible day they can convert, not the day they're allowed to convert

It's due upon issue

This is just a warning shot

Titanic has hit the iceberg

Get yer life rafts while they last!