All notes and warrants for this company have aggressive price protections. The fixed price language is where the company hopes most traders stop reading. I guess you also stopped reading my post at that point? You won't find the conversion price protections in the 8K which is deceptive. It is in the note itself. Note holders don't "hope" to get a nice return on their money like common traders of the stock.
anti-dilution adjustment based on par value for conversion is .01
1.1 Conversion Right. The holder on any calendar day, at any time on or following the issue date, to convert all or any portion of the then outstanding and unpaid Principle Amount and interest (including any Default Interest) into fully paid and non-assessable shares of Common Stock.
1.2 Conversion Price
(a) Calculation of Conversion Price The per share conversion price into which Principle Amount and interest (including any Default Interest) under this Note shall be convertible into Common Stock hereunder (the “Conversion Price”) shall equal $0.005. If at any time the Conversion Price as determined hereunder for any conversion would be less than par value of the common stock, then at the sole discretion of the Holder, the conversion price hereunder may equal such par value for such conversion and the Conversion Amount for such conversion may be increased to include Additional Principle, where “Additional Principle” means such additional amount to be added to the conversion amount to the extent necessary to cause the number of conversion shares issuable upon such conversion to equal the same number of conversion shares as would have been issued had the Conversion Price not been adjusted by the Holder to the par value price.
Not only does he mislead but he says stupidity. Not Market cap is meaningless but his isolating of a single factor to support his strategy is made continuously.
His belief, if you say something often enough some will believe it
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