Replies to post #15933 on Elite Group Inc. (fka ELTZ)

[Mfbosox]

Well just going off of some very rough numbers. Lets say the first day was 10/30 for the Mammoth note started then Nov 1 st for the other one. 1/3rd of the daily Vol roughly has been selling for the notes based on the past few day avgs. That puts us at roughly 70 million shares converted x .001 is 70k which Takes care of the actus note in full ($65k) then the mammoth note only has $28,751k left based on the 10q.


70k - 65k leaves us with 5k on the the Mammoth note


28k - 5k leaves us with 23k left on the Mammoth. Today so far I have seen roughly 8 mill come though as dilution

23k - 8k down to 15k debt on these 2 notes.

We also just got an update with debt financing on twitter we are good to go here!

[Mfbosox]

$ELTZ Update:
"Signed term sheet to consolidate all the debt and put money in the company going forward while we are putting together the bank financing. All relevant terms and details to follow next week."

— Elite Group Inc. (@EliteGroupELTZ) December 1, 2017

Link to tweet