Is Onci truly done with LAM debt? Not according
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Posted On: 06/20/2018 11:05:57 AM
Is Onci truly done with LAM debt?
Not according to the 4/30/18 report.
Convertible notes payable amounted to $125,633 at April 30, 2018 (page 15). Since the conversion price is likely to be 75% of the bid closing price from 7/14/17 or .0011
that calculates out to additional 115 million shares that could be issued to LAM to cover all this remaining debt. However one should pay close attention to the debt owed to Tidepool and Louvas Law Group. None of their debt has been reduced in over a year. Livingston and others are getting paid off first.. Is TidePool and Louvas part of the settlement deal? If not and we just concentrate on LAM's portion, $65,000, that reduces shares owed to 59 million.
So far 610 million shares have been issued in various tranches
Not according to the 4/30/18 report.
Convertible notes payable amounted to $125,633 at April 30, 2018 (page 15). Since the conversion price is likely to be 75% of the bid closing price from 7/14/17 or .0011
that calculates out to additional 115 million shares that could be issued to LAM to cover all this remaining debt. However one should pay close attention to the debt owed to Tidepool and Louvas Law Group. None of their debt has been reduced in over a year. Livingston and others are getting paid off first.. Is TidePool and Louvas part of the settlement deal? If not and we just concentrate on LAM's portion, $65,000, that reduces shares owed to 59 million.
So far 610 million shares have been issued in various tranches
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