Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[996]

When I get bored I sometimes read through the filings. I always discover new things. This time the next few lines drew my attention:

"The May 2008 Notes are convertible at the option of the Company if the following four conditions are
met: (i) effectiveness of a registration statement with respect to the shares of the Company’s common stock underlying the Notes and the Warrants; (ii) the Volume Weighted Average Price (“VWAP” of the common stock has been equal to or greater than 250% of the conversion price, as adjusted, for 20 consecutive trading days on its principal trading market; (iii) the average dollar trading volume of the common stock exceeds $500,000 on its principal trading market for the same 20 days; and (iv) the Company achieves 2008 Guaranteed EBT (as hereinafter defined) and 2009 Guaranteed EBT (as hereinafter defined)."

See point ii, it states "equal to or greater than 250% of the conversion price", the conversion price is $8, that means that GNPH expects its shareprice to reach 250% of $8 in the near future, that means 2,5 x 8 = $ 20.00
That's cool!