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CashCollections

03/18/18 9:39 AM

#130331 RE: chilling #130319

Conversion notes usually have a cap limitation. Total holdings can’t be more then X of total outstanding shares. My guess is the lender is close or at that figure. There are only a total of a billion shares that can be issued so it would be the lender owning the whole company?
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Totties and beeer

03/18/18 10:12 AM

#130333 RE: chilling #130319

Pretty sure this is the process of getting some shares retired - https://www.sec.gov/litigation/complaints/2017/comp23992.pdf

Its a lawsuit so it is taking decently long of course.