Paragraph 9 of the JMJ/MINE agreement does not pertain to shorting after conversion because once the lender converts, the note is no longer outstanding. The provision is there to prevent illegal arbitrage on the part of lender so that it does not intentionally lean on the stock (manipulate) to obtain basement level price while the note is still open.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.