Dugsab. You're not alone. BIG question mark. And, this is what I really don't like about VWAP based loans and in particular that AMVEST one..
4.9.2019
(a) Funds will also be used towards closing the remaining convertible Notes with a temporary halt on conversions while being
negotiated. $305,000 still remains after this $100,000 conversion.
2.10.2019 (re 30.6.2019)
Annual Report. The Board has resolved to accept the Second Investment Amount of a funding facility available to the consolidated
entity under the terms of the Convertible Securities Agreement with Amvest Capital Inc / SBI Investments (PR) LLC which
was announced on 28 February 2019. Under the terms of the unsecured facility, the consolidated entity will have access to
funding of up to $3,345,000
(b) 90% of three VWAP’s of the Shares selected by the Investor for the 20 Trading Days ending on the date of the Conversion Notice.
In the 20 trading days prior to the conversion (this VWAP period) the SP fluctuated between .045 and .039.
In the 10 trading days prior to that 20 days, the SP dropped from .064 to .045 !!!!.
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