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  4. Resonate Blends Inc. (KOAN) Message Board

Theres been plenty of shares traded to complete LA

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Post# of 1705
(Total Views: 452)
Posted On: 10/30/2017 10:29:03 AM
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Posted By: Cameronkent60
Theres been plenty of shares traded to complete LAM. It did not have any special arrangements on selling like Auctis...It did however it maybe sold in one or more Tranches(which means they could request more to cover the obligated note...HOWEVER they were issued 650M with a faire market value of 690,800)...The expected market fair market value was 690K for a 410K note with the conversion expected around .0010. Most were sold at 9s 8s and 7s within a week. So If all were sold at .0005 that means they would have made 345k and would need more to make up the 60k left(the fact that most converted in the 9s 8s 7s 6s before sitting on 5s is great)...Thats why it was great that they unleashed it on that PR. It was allowing them to convert at higher prices while everyone wanted to buy...Most may not see that but it was smart. This way they could convert without having to issue more shares to cover the debt. 10q will be out in a couple of weeks. Hope this helps a bit...


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