That’s why I keep on loading ! Got few Millie’s at 5 today. Will add more . I know my last post was 500k blah blah. Nope I’ll load this titanic ! Cuz it will go . And 1 cent will be over a mill $ for me! Let’s go .
I don't agree that its Geordan's conversion of his promissory note. The 10Q had all the releases of the series C conversions, damn near right up to the 10Q. Its all in the filings as I always say. Geordan's conversions don't have anything to do with the series C preferred shares. As for Discover, I'm always shocked as to how many shares he has converted, which is now more than the 2.5 million $ he initially gave for BYOC to buy S800. He's converted more than the 3.4 million $ on the note that was exchanged for the series C. So, including interest, the dude should be well over 100% compensated. That's quite the "ironclad" contract. So, according to the amount left of series C, there's shy of 10 billion common shares to convert equivalently. That's another 10 million dollars at .001! If so, he really has done quite the job here... or is there something else going on here that we don't know?
As for the theory of taking it as low as it can go, considering everything, I wouldn't go against that at this point. But there's been more than 4 million dollars worth converted down here, so taking it that low doesn't make sense... why wouldn't those investors just wait for the true bottom. Its interesting.
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