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Wednesday, November 30, 2016 1:52:12 PM
One is selling 900K shares @60 cents, so there is yet another floor being systematically put into place, and look theres also an option to buy that same # of shares at 80 cents, which is currently out of the money, so that tells you they are anticipating upside on the stock.
The other one is a convertible note @55 cents/share which also seals a bottom for this stock. Then there are options to buy at 80 and 90 cents for 530K shares.
While there is certainly potential for dilution here, remember that the outstanding share count is btw 6 and 7 million.
These guys are not dumb, they must be ramping for something big, but I have to admit that this market as it looks to me seems "boring" but in the end who cares.
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