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KOGT

11/17/17 9:21 AM

#126662 RE: zoomboom #126661

Scamarantus What's the pitch now?

JPetroInc

11/17/17 9:45 AM

#126663 RE: zoomboom #126661

yes - it gives them another day to fight

but dilution will be heavy upon the little guy - as usual

the forbearances are 75% & 80% - which are 20% and 25% discounts on the defaulted loans

question is, how much has the interest, fees, etc. added over the $16-Mil. already owed since FY15?

these defaulted loans are not magically waved away

and they still have key milestones to raise target capital in timed durations to meet the LOI requirements

also, I suspect they could dilute up to the current 150-Mil. AS count

we don't know what the float is - last filing had it pegged around 75-Mil.

would not at all be surprised to see them announce another ASHM to increase the AS count to 500-Mil. 'after' whatever news they have to release this Sat. Nov. 17th and Jan 7th

does Eltopra really have some life to it - the Ph. 2 test results were not at all stellar

your call...