What magic hat did you pull that number from? NOHO is only authorized for 500 million shares. Asher's convertible notes are based on dollar amount, not share price. If PPS is up, then less shares.
By the time they are convertible, PPS will be much higher.
the mathematics ... geeez...I thought the school was over...lol
IMO.. NOHO 2 mos chart for illustration purpuses at the posible conversion due dates....
literture part: from Q
Liquidity and Capital Resources
We have historically met our capital requirements through either private placement of equity or private borrowings. Our cash balance increased $4,499 from $1,245 at August 31, 2012 to $5,744 at May 31, 2013. Since our operating subsidiaries are now producing revenues, a portion of our operating expenses are now being paid from current income.
We received loan proceeds of $40,000 in September of 2012 from Asher Enterprises, LLC, an unrelated third party, due June 7, 2013 at 8 percent interest. The note is convertible into common stock at a price equal to 51 percent of the three lowest trading prices for our common stock for the ten trading days prior to the notice of conversion.
and now the math part:
$40,000 due june 7 @ 51% HMMMM 40000/0.0008PPS = 50mils (market already absorbed)
We received loan proceeds of $30,000 in October of 2012 from Asher Enterprises, LLC, an unrelated third party, due July 5, 2013 at 8 percent interest. The note is convertible into common stock at a price equal to 51 percent of the three lowest trading prices for our common stock for the ten trading days prior to the notice of conversion..
math:
$30,000 due July 5 @ 51% = roughly 30,000/0.0007PPS = 40mils (as per graph market absorbed)
We received loan proceeds of $50,000 in October of 2012 from JMJ Financial, an unrelated third party, due October 3, 2013 at 5 percent interest. The note is convertible into common stock at a price equal to 70 percent of the lowest trading price for our common stock for the twenty five trading days prior to the notice of conversion.
This one is due in October and it doesn't affect investor's PPS much...since is converted higher...good oportunity to buy at discount tho... like it happened these months.. ;) so I'll spare me doing the math
We received loan proceeds of $27,500 in April of 2013 from Asher Enterprises, LLC, an unrelated third party, due July 5, 2013 at 8 percent interest. The note is convertible into common stock at a price equal to 51 percent of the three lowest trading prices for our common stock for the ten trading days prior to the notice of conversion.
Last $27,500 due july 5 @ 51% @ 0.0007 = 40mils
On and all within the JUne July extravaganzza ...means about 130mils of EXTRA shares possibly DUMPED into the market by conversion...
OHHHHH well... thx 51% discounted...
[color=red]the Share structure is not that BAD for a penny stock...so why not a 51% of a PENNY stock then?[/color] lol
In our opinion, available funds will satisfy our capital requirements for the next several months while we are in the process of negotiating additional funding to cover operating expenses and for further development of our operating subsidiaries. We expect to do so during the remainder of our fiscal year 2013. There can be no assurance that we will be successful in raising additional funds to meet our capital needs.
So bottom line... MM's if you're short cover UP...NO MORE Cheap SHARES till OCTOBER... the rest...HOLD ON... we LOWADDED already!!!
uuuuffff... now alll of this math has put me to sleepp...zzzzz
As per the last fins, the O/S doubled between fins, which explain why none of the latest runs were successful. Based on the shares asher could get after conversion, it looks like noho has to go down deep in 000s before it can pull a 5x bagger (and that's what i said days ago).
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