Lol back below .005 on the way!! Classic TTCM news.
With the size of this next round of toxic notes starting to convert NOW at prices this low- plus a recent rip-down to .008 already to set their first conversion tranche price, for shares they'll take delivery of in a day or two, the .005 will be much, much TOO HIGH for what's about to take place here on scam-o-rama TTCM the dilution mill machine.
They have enough toxic debt and death spiral gutter grade notes- converting one after another after another after another to drive this to NO Bid.
This next round alone of toxic debt- which begins converting literally now into mid Feb, will drive this WELL below .005 on this round. Get the popcorn as it's going to be an epic wipeout and share price collapse.
FROM their most recent SEC 10-Q, THESE NOTES will convert starting 6 months to the day from their signing dates, which means converting to MASSIVE dilution starts in the coming week, and won't stop for months:
PAGE 13:
"During the nine months ended September 30, 2019 we issued fourteen convertible promissory notes in the aggregate amount of $940,281, receiving proceeds therefrom of $892,700. These convertible notes can convert to common stock at various prices. We evaluated these convertible notes for beneficial conversion features and calculated a collective value of $770,182 which we are accounting for as debt discounts. These convertible notes are discussed below:
· On January 11, 2019, we issued a convertible note in the amount of $100,000 which accrues interest at 5% (10% for unpaid interest and principal after maturity) and matures on July 8, 2020. This note can convert to 83,333,333 shares.
· On January 23, 2019, we issued a convertible note in the amount of $1,475 which accrues interest at 5% (10% for unpaid interest and principal after maturity) and matures on July 23, 2020. This note can convert to 1,109,023 shares.
· On January 16, 2019, we issued a convertible note in the amount of $4,000 which accrues interest at 5% (10% for unpaid interest and principal after maturity) and matures on July 16, 2020. This note can convert to 3,007,519 shares.
· During the nine months ended September 30, 2019, we issued four promissory notes to an Australian Superfund in the aggregate amount of $20,331 which accrues interest at 5% (10% for unpaid interest and principal after maturity). These notes mature between October 15, 2020 and November 24, 2020 and can convert to 29,044,286 shares in the aggregate.
· Also, during the nine months ended September 30, 2019, we issued three convertible promissory notes to a lending institution in the aggregate amount of $176,000, receiving proceeds of $167,000. These notes accrue interest at 12% (22% for unpaid interest and principal after maturity) and mature between April 17, 2020 and June 20, 2020. After 180 days from the note date, these notes may convert at 58% of the lowest two trading prices for the twenty days prior to conversion. These three notes’ interest and principal were all paid off on July 12, 2019.
· On May 13, 2019, we issued a convertible note in the amount of $5,725 which accrues interest at 5% (10% for unpaid interest and principal after maturity) and matures on November 13, 2020. This note can convert to 8,178,571 shares.
THIS NOTE BELOW IS INSIDE THE CONVERSION WINDOW RIGHT NOW - WILL CONVERT AT ANY TIME NOW = MASSIVE DILUTION GIVEN ENORMOUS AMOUNT of $320K OWED, JUST MASSIVELY BAD. 63% DISCOUNT = HORRIFIC TERMS !!
· On July 9, 2019, we issued a convertible note in the amount of $320,000, receiving proceeds of $294,500 with an original issue discount of $25,500. The note matures on July 9, 2020 and bears interest at 8% (24% of unpaid interest and principal after maturity). This note may convert to common stock at 63% of the lowest closing bid price for the twenty trading days prior to conversion. On August 2, 2019, we issued 11,392,539 shares in conversion of $35,000 of principal and $169 of interest.
JAN 23rd 2020 THIS NOTE BELOW WILL BEGIN CONVERTING = MASSIVE MORE DILUTION ABOUT TO START RIGHT NOW !!
· On July 22, 2019, we issued a convertible note in the amount of $162,750, receiving proceeds of $150,000 with an original issue discount of $12,750. The note matures on July 22, 2020 and bears interest at 8% (24% of unpaid interest and principal after maturity). This note may convert to common stock at 63% of the lowest closing bid price for the twenty trading days prior to conversion.
FEB 7th 2020 THIS NOTE BELOW WILL BEGIN CONVERTING - it's MASSIVE DILUTION !
· On August 6, 2019 we issued a convertible promissory note in the amount of $500,000 to be received in various tranches. Each tranche matures 18 months from the date of funding and bears interest at 5%. As of September 30, 2019, we have received $150,000 pursuant to this note, all of which mature in February, 2021 and can convert to 30,844,098 shares in the aggregate.
It's GRIM FOR TTCM FOLKS. The dilution at these collapsed prices which will be SHORTED and RIPPED DOWN by the hedge fund holders of those notes is going to = HORRIFIC DILUTION and common share price collapse.
ALL hedge funds who issue toxic notes wait 6 months TO THE DAY then start converting these trash grade notes- always 6 months plus one day to avoid SEC Rule 144.
Watch and get popcorn cause TTCM is about to get cut n mowed like a napalm run just hit it. It's about to get fugly ugly on this P&D POS VAPOR-WARE Inc special !
RIP TTCM
SEC calls it "death spiral" for a damn good reason !!
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