Yep, another shining example of a Mexus PR leaving
Post# of 2063
(Total Views: 286)
Posted On: 10/20/2021 11:51:11 AM
Yep, another shining example of a Mexus PR leaving more questions than it answers. The pps responded accordingly. Makes me think it was all they could come up with to help sell those shares that will be hitting the market from the convertible note.
As of yesterday, there has been roughly 5 million in total volume since the first note converted. The note is worth $40K so using rough numbers of a conversion price of .0091 which is 65% of market price of .014, a ballpark amount of conversion shares is 4.4 million. Plus a couple of hundred thousand shares worth of interest. Interest rate is 12%.
Should be plenty of those conversion shares left to sell.
The next note comes due after the 26th.
That one is for $38,500 I believe which, using the current numbers for convenience would convert at 65% of .0133 if the pps doesn’t drop lower before the 26th. So .0086 conversion price will be another 4.5 million shares. Again add a couple of hundred thousand shares worth of interest on the note.
The variable conversion prices are “ calculated at 65% of the market price defined as the average of the lowest two trading prices during the fifteen (15) trading day period ending on the latest complete trading day prior to the conversion date”
Without a decent PR, I would not be surprised to see the pps hit .01 again.
As of yesterday, there has been roughly 5 million in total volume since the first note converted. The note is worth $40K so using rough numbers of a conversion price of .0091 which is 65% of market price of .014, a ballpark amount of conversion shares is 4.4 million. Plus a couple of hundred thousand shares worth of interest. Interest rate is 12%.
Should be plenty of those conversion shares left to sell.
The next note comes due after the 26th.
That one is for $38,500 I believe which, using the current numbers for convenience would convert at 65% of .0133 if the pps doesn’t drop lower before the 26th. So .0086 conversion price will be another 4.5 million shares. Again add a couple of hundred thousand shares worth of interest on the note.
The variable conversion prices are “ calculated at 65% of the market price defined as the average of the lowest two trading prices during the fifteen (15) trading day period ending on the latest complete trading day prior to the conversion date”
Without a decent PR, I would not be surprised to see the pps hit .01 again.
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