Thursday, May 01, 2014 7:21:15 PM
As far as T&T, I need you to think about it. It pays off well for T&T if the conversion price is .367 and the share price increases well beyond that. They gain to make a lot more than the 862 grand they are still owed, but if they can convert at anytime with a 15 day conversion price as you think, why wait until 2020 to get the rest of the shares they are still owed. They would just slowly convert to get their 862 grand and not wait, so waiting until 2020 doesn't make sense.
Why would T&T agree to anything, I don't know, but with the year 2020 added in, they seem to think the company will be around for a while.
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