This message is for the benefit of Smallville and
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Posted On: 06/04/2019 3:49:22 PM
This message is for the benefit of Smallville and I-Glow from the cesspool that is known as Lie-Hub. It is in response to my post and calculations:
Smallville, quite obviously has a small brain, and that I assume is why he chose the name Smallville. It is also well documented that IG is just an idiot. These "conversion experts" have forgotten the fact that each preferred share is valued at $10,000, and if they need to use a calculator, all they need to do is multiply $10,000 by 67 to get $670,000. Now we are getting to advanced math because this $ amount now needs to be divided by a huge number..47,000,000. If they are capable of doing that they should get to a number that is less than 1 1/2 cents....or less than $0.015. If you divide it by the actual number of shares issued 46,865,656, the actual number they should get is equal to $0.014296 per share.
In my post I said this translates to $0.01371 per share. The reason for the less of 1 tenth cent discrepancy is because my 70 year old + eyes can't see shit without reading glasses. I mistakenly divided $47,000,000 by 48,865,656...an extra two million. Otherwise the calculations are right on!
It's really hard to teach stupid, and even harder to argue with one that is stupid.
Quote:
The math is hilarious - whomever did the math is clueless about conversion rates on convertible notes.
From your post on the conversions:
"The above shares were being converted during a time when the share price was considerably higher than the current price. The conversion of the 67 preferred shares translates to $0.01371 per share.
The conversion of the remaining 433 Preferred shares translates to $0.01681 per share."
You seem to have forgotten that the 67 preferred shares translates to 47 million common shares.
Smallville is 100% accurate - Bruce should stay the hell away from conversion rates on convertible notes.
IG
Smallville, quite obviously has a small brain, and that I assume is why he chose the name Smallville. It is also well documented that IG is just an idiot. These "conversion experts" have forgotten the fact that each preferred share is valued at $10,000, and if they need to use a calculator, all they need to do is multiply $10,000 by 67 to get $670,000. Now we are getting to advanced math because this $ amount now needs to be divided by a huge number..47,000,000. If they are capable of doing that they should get to a number that is less than 1 1/2 cents....or less than $0.015. If you divide it by the actual number of shares issued 46,865,656, the actual number they should get is equal to $0.014296 per share.
In my post I said this translates to $0.01371 per share. The reason for the less of 1 tenth cent discrepancy is because my 70 year old + eyes can't see shit without reading glasses. I mistakenly divided $47,000,000 by 48,865,656...an extra two million. Otherwise the calculations are right on!
It's really hard to teach stupid, and even harder to argue with one that is stupid.
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