Replies to post #51355 on Deep Green Waste and Recycling Inc (DGWR)

[grantastic]

Guess it depends who's option it is to convert the debt. The contract is not clear on this so I suppose it depend on the original note agreement.

https://www.otcmarkets.com/financialReportViewer?symbol=CRTC&id=178554

And $2.6m is 13x the original loan. If the conversion happens and the shares sell at $0.20, it would be a completely ludicrous transfer of value out of shareholder pockets into the lender's pocket.

There's absolutely no reason for the debt to convert to so many shares, unless either:

a) the guy constructing the deal is deliberately destroying shareholder value
b) the guy constructing the deal has reason to believe that the 13.3m shares cannot be sold for anywhere close to $0.20

I guess we'll find out which is true when those shares hit the market.

This company is big enough they may pay the note holder off in cash!!!! You shuld know by now 2.6 Mil is nothing in the Pinkies.

[Ignatius J. Reilly]

The sellers of the business have shares still?

I was under the impression that the share structure is now as follows:

1.7M = old shareholders from CRTC (currently the only tradable shares)

13.3M = convertible notes from old debt (terms of when these can be converted seem unclear)

85M = New shares owned by Deep Green that have yet to be issued (unclear as to what the company's plans are with these ie. how many and when they will sell these to the public)

Am I wrong about the current share situation??

If this is the case, is it possible the 85M shares will be restricted and held by Deep Green employees, therefore making the float 1.7M currently and possibly 15M once debt is converted?