Good morning and thank you for clearing up my question. I didn't read that section closely enough. Makes more sense now. 38K is a drop in the bucket. Even if they converted that at a price of .0001, it would only be 380 mil shares to the OS - still not making a dent.
Here's what is interesting to me though. When you look at pages 6 and 7 of the report, it's clear that Adar Bays and EMA Financial will absolutely clean up here. Look at how well they've done with debt conversion in late 2021-22. In particular EMA Financial - from October to December 2021, they have nearly 1.2 billion shares at a strike price of .00004 - 4 zeroes! You think they might be pretty fired up if a merger hits? Holy cow. Then they have another 650 million in the very low trips. Incredible.
Adar Bays also stands to win very big here. So you have a couple of companies very invested in the success of the company. Adar Bays was striking to me because I've seen them show up in some other OTC annual reports with debt conversions, including Ecosciences. Pretty clever - they're spreading their services, and chips, across the board, and if one of these companies hit big, they're going to have an awful lot of champagne and caviar at their next function.
When I first saw that there were only 119 known investors in PL*PL, I thought that had to be a mistake. Now it makes more sense - EMA Financial owns nearly 2 billion, and I haven't counted Adar Bays amount yet - I'm betting it's close.
I hope it's Plandai that these companies will be celebrating.
Update: When I look at Adar Bays debt conversion over 2020-2021, I'm counting an unbelievable 4 billion plus shares. There's no way in the world they still own all of those shares right??
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