Followers | 48 |
Posts | 2221 |
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Alias Born | 01/28/2013 |
Tuesday, April 08, 2014 7:21:09 PM
What in the world are you talking about??? Not only is 4/22 a meaningless date now, but it never had anything to do w/Ironridge. I would suggest you brush up on your DD, since when it comes to SCRC, dilution minefields are all around and if you don't get your dilution sources/dates right, your trading portfolio will be very unhappy...
...but I'll help you out here: 4/22 represented the 6-month mark of the final note that SCRC claimed it had issued back on 10/23/13. This 6-month mark would have entitled this financier to convert early. However, per SCRC's PR on 3/31, this note was paid down, thereby extinguishing this obligation early. Ergo, 4/22 is no longer a relevant date for anything.
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