Monday, July 25, 2016 3:50:30 PM
That's how Death Spiral financing goes. The PPS is sucked into the Black Hole of CONvertible debt as the death spiral tightens.
Toxic CONvertible debt which are floorless or 0.001 CONversion price are insensitive to PPS - they make money no matter how low they drive the PPS.
The common shareholders LOSE, paying the price for the endless and increasing dilution.
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