“Any portion of the loan and unpaid interest are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of a 42% discount to the average lowest two (2) trading prices for the previous fifteen (15) trading days to the date of conversion. “
Average of Lowest two in last 15 days is (.0022 + .003)/2 = .0026 42% of .0026 is .00109 Conversions are going off @ .00109
So ... “Meaning the remaining $30,000 would take less than 5M more“
Is wrong.
$30,000 / .00109 requires 27.5 million shares at that conversion rate