Re: GZFX bouncing
There is more sh*t in this SB-2 than I can read. This guy on RB posted this paragraph from it, you tell me what you think it means...
For example, if Golden Gate elects to convert $2,500 of the convertible debenture, this would result in the issuance of 82,591,463 shares of common stock based on our current market price of $0.004. However, Golden Gate will not be entitled to convert the convertible debenture unless it also exercises the a pro rata portion of the warrant. In this situation, Golden Gate will be required to exercise approximately 249,000 warrants at an exercise price of $1.09 resulting in
271,410 in funding for our company less $200,000 that has been prepaid to date.http://www.pinksheets.com/quote/prin...mp;symbol=GZFX