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Voices of Reason

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Voices of Reason

Re: Voices of Reason post# 6113

Monday, 07/21/2014 8:52:31 AM

Monday, July 21, 2014 8:52:31 AM

Post# of 25333
Correction - at the most recent low share price of $0.0004, the conversion would equate to 2.5 billion shares, not 2 billion. Irregardless of the quantity, the weighted average discount to market price is 38% - meaning that on average, the toxic convertibles will be done at a price that is 62% less than the going market price. Due to the volatility of the stock price, they have a huge incentive to liquidate immediately upon conversion.
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