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skichic

06/16/22 4:02 PM

#19121 RE: 60ftcat #19117

To convert 4 million dollars in convertibles ( and there may be more than that) at 50 or 60% of the PPS at the time of conversion, which will most likely will be .005, keeping in mind the price will drop with each sell, it will take probably 2 BILLION shares and bring the PPS down into triple zeros (.0004 or so), so then they’ll have 2.5 to 3 billion shares out and still have millions of dollars in debt. Then’ll have to do the RS, they’ll have no choice. So why not do it now?

pastrychf05

06/16/22 5:46 PM

#19131 RE: 60ftcat #19117

Yeah that proposed RS is nonsensical!!

Why the hell would they need to do such a drastic RS … even

if the AS was raised to 3B??!!

Stupidity, if they do follow through with it!!

The longer we get no mention of the Ostendo deal,

the longer this pain carries on!