SPX 0.00% 1.1¢ spenda limited

Totally agree that the volume of the issues have completely '...

  1. 12,830 Posts.
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    Totally agree that the volume of the issues have completely ' washed ' through the system. And it's very true statement that in this ' Red Hot ' market where I have shown the possibilities and support from previous comparative valuations that 3.9 -4.0 ....and 5 - 7 cents are very real possibilities.

    And one has to ask themselves ' Why would they ( Management ) virtually ' back door ' the key driver in Appstablishment into their business model and talk talk openly and freely about their enormous growth prospects if it it didn't have a real shot at the ' Title ' ......sneaky.png And by ' title ' , I mean the $100 Billion worth of relevant Gross Transactional ' sales which is up for grabs.

    And I would back up my observations of the 1.0 cent issues and below being ' Washed Through ' with the very clear supporting evidence , and the main observation being the 190,424,797 shares traded today on both ASX and Chi-x as well as the additional 149,242,999 being exchange on ASX across Monday and Tuesdays session's .......and another approximate 96 million on Chi-x over the same 2 days.

    So that's an approximate total of 435,667,796 shares which have changed hands since Monday this week....which is more than enough to have absorbed the further issue of shares as disclosed in the 2 recent Appendix 2 A;s as follows :-

    And as per the second Notice 2 A , there was a total of 357,720,768 new shares came onto the market - some paid at .01 cent, .009474 cents , .005 cents , and some at NIL cost

    In fact a total of 281,980,000 Shares at various price points of 1 cent and below with 75,740,867 Shares being issued for NIL consideration afor various services and loan swap's etc... )

    Some of the other notable takeaways from the split and allocations of these issues are :-

    442,000 Convertible notes with a face value of US$1,accrue no interest with 16 month maturity date,the balance of notes are convertible at the lowerof $0.01 or a 10% discount to VWAP = 44,200,000 million shares

    7,500,325 Shares Issued upon conversionof 51,000 Convertible notes with a facevalue of US$1 per note issued as an issueprice of $0.009474

    357,269 Convertible notes with a face valueof US$1, accrue no interest with 16 monthmaturity date. The conversion of 357,269Convertible notes is being satisfied via thereduction of 20,000,000 existing CollateralShares held by Obsidian Global and theissue of 32,499,612 new Shares.
 
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5 3210000 1.0¢
 

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1.1¢ 2575448 8
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