Yes, that may have been the "win-win"...the question is what the note holders got in return for their "win"? But overall it was a slightly ugly picture.
390 million shares were issued in the 3rd quarter through Dec 21 at an average conversion rate of $0.000885.
Of particular "note" is a conversion of an older Adar Bays note for $3779 which took 68,713,445 shares. That is an average conversion of $0.000055....OR it took $172,000 in stock (at current PPS) to settle a $3779 debt!!!?!?!
So much for "equity investors" saving the day. Why on earth could be not cobble together $7000-$8000 to pay it off at double their money???????
The conversions are FAR from over. That much is clear.
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