Coinsguy asked the following question to WW. Many will not be happy with my candid response. They need a CFO who can actually broker these deals period instead of asking later WTF happened. Still believe in the dream but really?
1) Any news on the equipment certification? I thought we would have surely heard something by now.
2) Have the two notes payable issued in March for $250K been converted to shares? If so, might that explain the constant drop in share price as they recoup their investment?
Comments Regarding Questions 1&2.
!) Nothing to say as these note holders have the right to cash in after 6 months. Read the Q3 financials and they clearly can do this. It is much easier to make money at the bottom than on top. Do the math as I did with the 15 day and 20 day per the Q3 10Q at .52.
After 6 months using .0052 pre R/S
At .0052 x.65 (discount)=.00338
250,000 x .08=20,000 x.5(6 months)=$10,000 interest
250k( notes convertible)+$10k=$260,000
$260,000 /.00338=76,923,076 shares/RS(1/100)=769231
769231x.52=$400,000=$150K for 6 months
After 9 months assuming a 15 & 20 day low let's say equipment certification comes through and the low is .80
.008x .65(discount)=.0052
250,000 x .08=20000x.75(9/12 of a year =$15k interest
250K(notes converible)+$15K interest=$265K
$265K/.0052=50,961,538 shares/RS(1/100)=509,615
$509,615 x.80=$407,692-250,000=$157,692
There you have it to hold for an addition 3 months equals $7k. Remember when these deals were brokered the stock PPS was over .025= which equals $2.50+ a share. Makes management look like imbeciles considering the conversion here is possibly more than 75% lower plus the fact they discounted. I would not comment either if I were management. Time for a shake-up or wake the fuk-up!
2. With my answer to #1 which management is well aware of it is easiar to act like an ostrich and stick head in ground and own up and say this will stop. Instead say nothing and not comment. What is more incompetent the fact that you did this and how it harmed shareholders or wishing it away and not competent? Nuff said! These toxic financiers are pieces of crap and at the extent of expansion they must stop using it as management will piss away their majority ownership unless they give themselves free shares for job sell done. What a dilemma.
1) Any news on the equipment certification? I thought we would have surely heard something by now.
2) Have the two notes payable issued in March for $250K been converted to shares? If so, might that explain the constant drop in share price as they recoup their investment?
Comments Regarding Questions 1&2.
!) Nothing to say as these note holders have the right to cash in after 6 months. Read the Q3 financials and they clearly can do this. It is much easier to make money at the bottom than on top. Do the math as I did with the 15 day and 20 day per the Q3 10Q at .52.
After 6 months using .0052 pre R/S
At .0052 x.65 (discount)=.00338
250,000 x .08=20,000 x.5(6 months)=$10,000 interest
250k( notes convertible)+$10k=$260,000
$260,000 /.00338=76,923,076 shares/RS(1/100)=769231
769231x.52=$400,000=$150K for 6 months
After 9 months assuming a 15 & 20 day low let's say equipment certification comes through and the low is .80
.008x .65(discount)=.0052
250,000 x .08=20000x.75(9/12 of a year =$15k interest
250K(notes converible)+$15K interest=$265K
$265K/.0052=50,961,538 shares/RS(1/100)=509,615
$509,615 x.80=$407,692-250,000=$157,692
There you have it to hold for an addition 3 months equals $7k. Remember when these deals were brokered the stock PPS was over .025= which equals $2.50+ a share. Makes management look like imbeciles considering the conversion here is possibly more than 75% lower plus the fact they discounted. I would not comment either if I were management. Time for a shake-up or wake the fuk-up!
2. With my answer to #1 which management is well aware of it is easiar to act like an ostrich and stick head in ground and own up and say this will stop. Instead say nothing and not comment. What is more incompetent the fact that you did this and how it harmed shareholders or wishing it away and not competent? Nuff said! These toxic financiers are pieces of crap and at the extent of expansion they must stop using it as management will piss away their majority ownership unless they give themselves free shares for job sell done. What a dilemma.
