GGP 0.00% 0.6¢ golden gate petroleum ltd

series three notes, page-7

  1. 1,720 Posts.
    Ah yeah the good ol days

    Notes not yet converted total 30.72 mil
    Face value each 5c

    Forgetting about all the options and Lind's $550k convertible security
    Series 1 to 4 notes have a total value of $1.536 mil

    So just these series 1 to 4 notes have the potential when converted at the ruling discount to current SP would add-on approx. another 2 billion shares.

    But the note holders need a market to sell their converted notes into, otherwise they would not convert.

    I see a consolidation looming.
 
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