Posted On: 08/04/2016 9:38:20 PM
Post# of 1705
PER 10Q ...
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11521315
NOTE 10 – SUBSEQUENT EVENTS
Subsequent to quarter end, the Company issued 2,000,000 shares of common stock valued at $32,515 in settlement of certain convertible note payable and accrued interest issued on November 10, 2015.
Additionally, the Company agreed with certain other noteholders to settle certain notes issued on September 9, 2015 with aggregate balances of principal and accrued interest of $54,493 for the issuance of 2,000,000 shares of common stock. As of the date of the filing these share have not been issued.
Subsequent to quarter end, the Company issued 2,429,818 shares of common stock valued at $27,846 in partial settlement of certain convertible note payable and accrued interest issued on July 10, 2015.
Total: 6,429,818 shares for $114,854 debt settlement.
Conversion price $114,854 / 6,429,818 = .01786271
200K print after hours 200K @ .017
Coincidence ? I think not ....
Debt holders are not in the business of losing money.
As buying interest increases they will move up IMO.
Looks like the company may have put a restriction on how many debt shares can be sold daily. (smart move)
Limited & controlled daily dilution will be unnoticed as long as the volume stays up.
Now that the Q is out, EMC can start to flex its muscles IMO ...
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11521315
NOTE 10 – SUBSEQUENT EVENTS
Subsequent to quarter end, the Company issued 2,000,000 shares of common stock valued at $32,515 in settlement of certain convertible note payable and accrued interest issued on November 10, 2015.
Additionally, the Company agreed with certain other noteholders to settle certain notes issued on September 9, 2015 with aggregate balances of principal and accrued interest of $54,493 for the issuance of 2,000,000 shares of common stock. As of the date of the filing these share have not been issued.
Subsequent to quarter end, the Company issued 2,429,818 shares of common stock valued at $27,846 in partial settlement of certain convertible note payable and accrued interest issued on July 10, 2015.
Total: 6,429,818 shares for $114,854 debt settlement.
Conversion price $114,854 / 6,429,818 = .01786271
200K print after hours 200K @ .017
Coincidence ? I think not ....
Debt holders are not in the business of losing money.
As buying interest increases they will move up IMO.
Looks like the company may have put a restriction on how many debt shares can be sold daily. (smart move)
Limited & controlled daily dilution will be unnoticed as long as the volume stays up.
Now that the Q is out, EMC can start to flex its muscles IMO ...
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