I don't for sure. I was using the previous 50% discount method under the original note but realized there was no way it could be that.
Its still smart to use a 50% discount rate for conversion of shares because they would have to loan the money for any company moves, so the figures would be as follows:
Average price conversion rate (.005058)/2 (50% discount)= estimated actual conversion rate of .002529
20,681,341 X .002529= $52,303.11
20,318,659 x same price conversion or higher = $51,385.88 (tomorrows amount if same conversion price).
Total would be $103,688.99. That amount is more than a third of the total pre-existing note balance, so we know there is no chance that is the case because we have already accounted for that total.
Again all IMO. Bottom line is this. These shares are getting soaked up with price increase. That is an abnormally large amount of money flow in and that type of money doesn't flow in for nothing.
Regards,
SOG
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