Don't have a time frame because Aitan surprised the street and paid off EMET with a $70,000 cash settlement and I don't know if he plans to do the same this time with EAGLE and/or GW.
If the street keeps the share price right here then in about another 65 million shares issued should just about do it. That will put the issued at about 210 million. According to the last filing, the debt on the 2 notes are about $226,000 and that has come down since then with the additional conversions made since June 30th.
$226,000 / .0035 (Average conversion price) = 64,571,000 shares or there abouts but the debt is lower than that now but I have no filing to substantiate what the debt is today.
Right now for every 5 million shares added, the debt goes down about $17,500.
Take a look at what the issued was on June 30th and what it is today, Take the difference and multiply it by .0035 and then subtract that amount from the $226,000 debt recorded on June 30th financials and you should be close to today's debt.
The higher the price goes the less shares are required to be issued for debt and the opposite is true if the price goes lower.
Those are according to my calculations. I am working on about 210,000,000 per my calculations at current debt levels.
JMHO
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