Tuesday, July 22, 2014 6:56:33 PM
They will still need cash to stay afloat a little longer, so they may be selling to anyone at ANY PRICE THEY CAN GET.
The toxic death spiral financing the company has been doing may cause even more problems.
As the share price drops, more and more shares will have to be issued to satisfy the convertibles. This dilution may cause the share price to drop even further, which then will require a lot more shares to be issued for the convertibles. Thus, the name given to convertible debentures - toxic death spiral financing.
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