Replies to post #122391 on DD Support Board and Research Team

[236T568]

Say, tell us

is there anything odd about the following included by the company in its latest quarterly statement for the quarter ended Feb 28, 2017?

see any red flags?


https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=169920

Fiscal year ended August 31, 2016
On June 25, 2016, Equitas Group LLC converted $46,350 of debt to 13,434,350 shares of common stock
On July8, 2016 EROP Capital LLC converted $75,000 of debt to 15,000,000 shares of common stock
As of August 31, 2016 the Company had 165, 524,820 common shares issued and outstanding.

Quarter ended February 28, 2017
On November 15, 2016 Jerry Niblett purchased 15,000,000 shares of 144 restricted shares of restricted stock at a
value of $0.005 per share.
On November 21, 2016, David Malley purchased 11,000,000 shares of 144 restricted stock at a value of $0.005
per share.
On February 27, 2016 Equitas Group LLC converted $329,889 into 16,494,450 shares of common stock at $0.02 per
share retiring their convertible debenture loan with the Company.

[236T568]

So are you still not understanding the difference between


Normal convertible debt, convertible at close to the market price of the stock

and

Deep Discount Death Spiral Convertible Debt that is tied to the lowest price in a given period (30 days in this case) right before the conversion price is set?

companies that are unable to find financing will sometimes take on convertible debt.

Are you saying there is no such thing as a legitimate company that is not able to find financing any other way?