Rate could be higher or even lower. However, as there is historical precedent for 0.0003, it appears to be a fair assumptipon. There is also the interesting fact that Mayor and Burke did not disclose the conversion rate as they did with these other notes. Could it be lower? Lest we forget, SKTO and AEGY are strictly of, by, and for the insiders and their cronies as were all their other penny stock schemes.

"On May 15, 2013, the holders of 6 convertible promissory notes issued by the Company each elected to convert a portion of the principal due on each note into common shares. Each holder converted $6,897 in principal into stock at a conversion price of $0.0003, on the terms provided in the notes, and each received 22,990,000 common shares, resulting in an increase in the number of shares issued to 499,990,303 shares."