InvestorsHub Logo
Followers 0
Posts 2
Boards Moderated 0
Alias Born 08/13/2015

Re: naturalborninvestor post# 14126

Thursday, 08/13/2015 9:14:57 PM

Thursday, August 13, 2015 9:14:57 PM

Post# of 32302
No kidding for good reason. Note the preferential terms on these embedded convertibles. 40-50%+ minus the past 20 days lowest price. It's well known that Magna's financing is death spiral but even Magna doesn't have the audacity to try and get THESE termss. Remember, this ticker did a 1 for 40 reverse split. Therefore todays price is actually closer to $.007/share and if our new "financers" were able to convert their price would be approximately $.0035 / share. Lastly, why aren't these new convert owners anonymous? I know who they are, but what are they afraid of? Where's the transparency? The dilution has begun, trips coming soon.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.