To that effect, the known values are the loans which have been reported, are likely being converted currently.. potentially why there was a pre-pump or front run as they readied to convert and dump.
and unknown are likely to be short termed loans and those guys get super discounts on convertibles, I've seen 80% convertible discounts and up to 85, plus 90 is not far fetched in desperate measures. which wont be revealed until next report. potentially, if very recent loans during and after April, even further into 6 months down the road.
regardless 80% discounts are seriously mean butt dilutions.. sounds fair enough for hard cash but,, with variables such as converted at lowest price or WVAP in past 20-30 days, takes 80% off that lowest price and many times the lenders will flip those shares into 10 time the money profit!
And in the majority of cases,, whatever that low conversion rate was,, the share, market price will eventually sink to it. I.E. If lowest conversion price was .015 -80% = .003 so if they dumped that .003 at .015, they made five time the money on a loan which was just a month or so old..
Plus the share get eaten and dumped very rapidly, 400,000,000 million share ain't gonna last long if conversion went out at .003 and less.
Why bother retail when the company shorts the holey Pe out of it?
Short target would them become .003, and if it didn't come before the reverse split,, it will after. I.E. If reverse split effect at .02 and was a 1 for 200, reorganization would reopen at $4.00. the short target is still there which brings that $4.00 down to .003 x 200 = .60.
That's why It's called Toxic convertible death spiral.. smart money understands the company is willing to short the crap out of their own future, so why would you pay more too?
Corn-fused-us Long-vestor ancient saying: Patience and small movements keep a steady course.
I don't have a humble opinion!
At's ma boy!
