Tuesday, June 20, 2017 11:57:30 AM
Like most deals that take a similar path the exchange rate is based on the closing bid price of the last 5-10 trading days prior to the exchange.
I would see no reason why this wouldn't be the same.
BDCI holders have an option exchange or do not exchange.
Exchange gives BDCI holders the ability to be in a fully reporting company that can move up to the QB.
So there are a lot of positives.
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