With no effective s-1, they aren't doing anything. The $300,000 OWP received was for preferred shares, convertible at .15, and have a 6-month wait. There is no guarantee the lender will ever get any shares other than those preferred shares. With how protective they have been with the O/S, I can't imagine Isiah would convert them anywhere near this PPS.
By the number of shares they reserved in the S-1, they are looking at a minimum of .50 pps, otherwise, they would have to reserve much more, like 125 mill+ at the current PPS.
So they are anticipating something big, what and when is the question.
4.5 million invested via preferred shares. They break even at .15.
???
$OWPC
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