From ElisComing on the much hated board.
Quote:On April 11, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible promissory note dated April 10, 2017 (the “April 2017 Note”). The total principal under the April 2017 Note is $50,000, bears interest at 12% per annum, is due on January 10, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion.
which became convertible now at a 45% haircut---which equals about 48M shares..
rough guess from someone not paying much attention but saw the volume and "avg" dumps...
Thanks EC, this makes my day brighter.