Maybe you don't get what i am trying to say...
7.50% (229,535)
based on outstanding shares as reported on the issuer's 20-F filed with the SEC for the period ending December 31, 2016 and a 1:5,000 reverse split as of May 24, 2017. -> this simply means the O/S the 13G filed is based on the late 20F filing and SPLR on May 24... nothing special here...we don't know what the real-time o/s is since it is not made public until we see new filings.. and we have mr.Bertos doesn't respond to any emails.
and guess what we have for convertible notes based on the last 20F filing on May 1st...
Total indebtedness
Acacia International Ltd $ 300,000
Loan facility from the Company’s Chief Executive Officer, Chief Financial Officer and member of Board of Directors $ 300,000
Conquistador Shipping Corporation $ 1,010,000
Unsecured convertible promissory notes $ 4,900,909
and this:
We also will be issuing additional shares of Common Stock or other securities that are convertible into or exercisable for shares of Common Stock according to our unsecured convertible promissory notes. The issuance of all or a significant amount of the Common Stock described above will result in substantial dilution to existing shareholders. We cannot predict the effect that future sales of our Common Stock or other equity related securities would have on the market price of our Common Stock.
if you believe the O/S is and had remained as 3M it is your call...
Lets see if any individual filed any 13G in the next few days since some here claimed to have bought over 500K shares.. 1/6th of the O/S...
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