Replies to post #46635 on American Leisure Holdings Inc (AMLH)

[SpaceManTrades]

I'll make my 100K dent . Lol. Best I got right now.

[Full Contact Yoga]

There's a lot more hitting on top of the shares you mentioned, $165,000 at a minimum 50% discount, possibly lower, debt repurchases are ugly...the $25,000 to pay for filings and overhead at 60% discount is simply an indicator that Christian hasn't a pot to piss in, needs loan shark loans to keep the lights on IMO, that's additional, plus, no idea what happens to Mariel's shares, but I'm sure DiPrima and her boyfriend have it all mapped out...

[Johnny Hammersticks]

And just how much longer do you expect it to take???

[samsamsamiam]

Those 300 (296 actually) million shares were in exchange for $14,800. of that debt Dietrich and Coaches picked up.
What happens with the next round of conversions?
Not enough Believers here to absorb all of those shares.

On March 3, 2017, Highgarden Capital Growth, Inc. and CDN Associates, LLC (“Buyers”) purchased the balance of debt remaining. In a Notice of Conversion, the Buyers elected to convert the principal amount of the Note into shares of the Company’s common stock based on a draw-down of the debt as follows:
Date
5/8/17 5/8/17
TOTALS
Shares Issued
148,000,000 148,000,000
Price Per Share
0.00005 0.00005
Amount of Debt
$7,400 $7,400
Debt Owner
Highgarden Capital Growth, Inc. CDN Associates, LLC
296,000,000 shares cancelled. Debt Draw down as of 5/30/17: $14,800 Balance of Debt Remaining as of 5/30/17: $176,500 - $14,800= $161,700

Then add on top of that the rest of the debt listed in that $430,000. What sort of conversion will be done for those once they get current?