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OTC Whisperer

02/18/18 2:55 PM

#158872 RE: Jimmy Quick #158838

This is my take on the debt after review of annual in detail today:

-last year, debt cost us 1,002,327,671 converted shares! (to pay $130k debt. Went from $286k to $156k still owed in convertible debt). (see p. 15 of annual)

-LAM 3(a)(10) took $1.53M debt to $886K SB says (a 42% discount). (p.12)

-ONCI DEBT (my estimate now about $883,000 + Delaware):
1. Delaware

2. Kestral Gold Inc.--$23,000

3. Gordon Jessup.--$43,000

4. LAM (80M shares converted so far, seems to have satisfied roughly $225K/$886K or 25% of LAM obligation. first 40M --> $272K ($150K to balance, $122K to "admin. fee," at top of p.14), estimate second tranche of 40M to yeild additional $104K off LAM tab: 45% discount of $0.0058 (low close pps) is $0.0026 x 40M shares = $104K)

5. $156K (left over from above, 1-3 & 5.a-e don't appear to be included within the 3(a)(10) deal/bill):
a. LAM--$65k(Matures 7/14/18, 25% discount, appears
exclusively for: "legal/administrative" costs
relating to 3(a)(10), NOW for a total of $122k + $65K
= $187K for "legal/administrative fees"
just so far to LAM for the 3(a)(10)!!!!
)
(@ top of p. 14. will be interesting to see what the
total cost of "legal/admin.fees" LAM takes by the end)
b. Tide Pool Ventures Corp.--$32,633
c. Louvas Law Group--$26,500
d. WHC Capital LLC.--$30,000
e. LG Capital Funding--$1,500