Posted On: 08/16/2016 10:54:21 AM
Post# of 3602
It appears there is approx $140-160k worth of convetible loans (previously taken out) not converted yet. Coates has the option to pay them off(with interest) before conversion.
Lets hope he can do that.
from the 10k:
"At June 30, 2016, the Company had reserved 899,000,000 shares of its unissued common stock for conversion of convertible promissory notes.
(this is where the missing shares are)
As of August 8, 2016, the Registrant had 2,595,183,814 shares of its common stock, par value $0.0001 per share issued and outstanding.
(2.6 bill minus the 899 mill is actual share count right now.)
Lets hope he can do that.
from the 10k:
"At June 30, 2016, the Company had reserved 899,000,000 shares of its unissued common stock for conversion of convertible promissory notes.
(this is where the missing shares are)
As of August 8, 2016, the Registrant had 2,595,183,814 shares of its common stock, par value $0.0001 per share issued and outstanding.
(2.6 bill minus the 899 mill is actual share count right now.)
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