Replies to post #34535 on Lifeline Biotechnologies Inc (LLBO)

[GetSeriousOK]

Not 60 million... 330 million.

If Acropolis did a convertible note with the same terms as the KAST note....

* $40,000
* converts at .0001
* INTENT to hold less than 10% of outstanding shares

they could convert into 400,000,000 shares total, but not all at once. They would have to convert into 330,000,000 LLBO shares to stay under the 10%, sell 40 million, then convert into the remaining 70 million (holding 360,000,000 now because the O/S went up to 3,748,921,001 with this dilution so the 10% threshhold went up).

You once asked how Acropolis makes their money. Well, this is ONE way. They wouldn't make as much on LLBO as on KAST, but in theory, if they dumped slowly and kept the PPS up to .0005, they would profit $160,000.

And of they lent LLBO more than $40,000, they could make MORE.