But the CEO's are represented by attorneies
Sure, I can believe the average want to be CEO doesn't understand floorless. But no one is borrowing hundreds of thousands and millions without an attorney walking them through every step of the process and explaining every scenario in great detail.
The ones who engage in this are either desperate to the point where they don't care any more. Or they fully know that shareholder equity will be transferred to their paycheck via the floorless convert.
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,