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hobbyjack

09/17/19 9:55 AM

#23593 RE: sillylung #23589

That is a nice limiting factor that the company has to be cognizant of. We can't just get slammed with hundreds of millions of shares on the O/S.

The 8K contains a $25K earnest amount to Innerscope. It's a note with a 10% interest rate maturing on March 31st, 2020. Small potatoes in my opinion since all other toxic debt will be wiped out. Looking forward to the day the company can say they have no debt.

horst

09/17/19 9:59 AM

#23594 RE: sillylung #23589

Right, thanks for pointing that out. Though Oscaleta could always convert-and-sell, and then convert more while staying under the ownership cap.