Wednesday, November 23, 2016 12:49:29 PM
The convertible note holders don't care about the price, since almost all the toxic convertible notes convert at a percentage of either the current stock price, or a percentage of the VWAP for a certain number of days, or the lowest price (or average of the lowest 3 prices) in a certain number of days. In other words, they are guaranteed to make money regardless of the price, and ironically, they actually will make more money at lower trading prices rather than higher ones.
What counts is not the price, but the volume. Since they make money regardless of the trading price, they just need naive people to take the shares off their hands. That's where a promotion and the bogus announcements by the company come in. Convertible note holders are not really "investors" , (they don't meet the criteria).
Good luck to those that understand how this wash, rinse, repeat SIML bullshit works.
Please help save the earth. It's our only source of chocolate.
Recent BRBL News
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 09/17/2024 07:24:33 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 09/03/2024 01:31:17 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:11:29 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM