Replies to post #104 on Clearwave Telecommunications Inc. (CWTC)

[MasterBidder]

From the last Q:

As of December 31, 2012, the Company had issued convertible debentures in the amount of $1,206,763 convertible at a conversion price of the lesser of (i) 70% of the price per share of common stock or common stock equivalent paid by investors in the Company’s next round of equity or debt financing consisting of at least $1,000,000 in cumulative gross proceeds, or (ii) $0.12, warrants outstanding of 4,802,642 consisting of 2,401,321 with an exercise price of $0.14 and 2,401,321 with an exercise price of $0.18.


For the six months ended December 31, 2012, the conversion of all of the above would result in a possible dilution of 23,627,028 shares. However, as the convertible debentures, options, and warrants have a strike price equal to or in excess of the market price, $0.0024 at December 31, 2012, and are considered not “in the money”, they are excluded from the calculation of diluted earnings per share due to their anti-dilutive effect.

[AliAngel]

they have paid all convertibles with the sale of the XFMY and now we have less then 25 million shares on the market as new directors get 1.8 million shares each.
they sold assets for 1.3 million and paid down debt of 1.24 and now have 300k in cash assets as well.
clean new company now and huge new social media business./