Thank you for joining us here. Base on my calculations and the low volume is indicated the dilution come to an end.
Below is the breakdown. From 10k
As of February 17, 2017, 196,060,743 shares of common stock, $0.00001 par value per share, were outstanding.
From 10-Q Outstanding Shares 609,749,201 a/o Apr 06, 2017
609,749,201 - 196,060,743, The difference is 413,688,458out of 413,688,458 there are restricted shares for 6 months that is due in September. These restricted shares must be held accountable to figure out the correct amount of the entire float.
From 10-Q
NOTICED: THE SHARES OF RESTRICTED ABOVE IS Common stock issuable consists of the value of shares payable under employment contracts with officers of the Company. Common stock issuable was $512,464 and $512,400 as of January 31, 2017, and October 31, 2016.
THIS IS VERY POSITIVE ISSUE. OUR CEO JOHNNY FALCOMES HAVE NOT BEEN PAID SINCE DAY ONE. HE EXCEPT SHARES RESTRICTED FOR EARNED ON THE EMPLOYMENT AGREEMENT.
DIRECTORS ALBERTO GOMES JOHN SEPULVEDA ALSO EXCEPT RESTRICTED SHARE AS WELL.
Now we have total restricted shares 261,934,053, therefore, the correct shares structures as of Apr 06, 2017 is
Now we need to figures out a number of shares they diluted into the float from as of February 17, 2017, to as of Apr 06 2017
As of February 17, 2017, 196,060,743 shares of common stock, Float 347,806,148 a/o Apr 06,2017 total amount shares dumping into the float 151,745,405
From Feb 17 to Apr 06 we have total 35 trading day the average volume 30 days is 89,968,594 total shares dumping into the float 151,745,405 divide to 35 days the average dumping per day is 4,335,583 that is not really bad at all.
NOTE: This is a very positive issue that most are worries and not aware of the entire situation is the deficit of $5,732,298. This amount is accumulated deficit since they take over the company On April 5, 2016, $5,732,298 accumulated deficit.
That mean the entire loss is much lower than we thought and this amount is BENEFITS the company tax write off deduction and can carry over for next five years.
DURING THE YEAR 2016 MANY SMALL NOTE ISSUES. VERY CONFUSED TO LIST OUT EVERYTHING. HOWEVER, AT THE END OF THE DAY BREAKING DOWN TO FINAL AMOUNT.
January 31, 2017 PRINCIPAL BALLANCE 832,733 LOAN DISCOUNT 317,374 ACCRUE INTEREST 63,353
January 31, 2017, PRINCIPAL BALLANCE $832,733 that include the amount earning employment agreements $512,400 as of January 31, 2017, the company value the conversion is