Round of convertibles . These first couple deals have been rather bad as they got the Shares for a cent or less.
Depends how low they want to take it or how many they want to sell.
I can not for the life of me see why these companies give out so many shares for 50,000 and 25,000 Dollar loans. These companies /lenders make 5x their initial investment.
We can withstand a round or two of these,but it is imperitive this company get the pps up before additional financial terms/agreements or shareholders will be in big trouble.
I trust management. They must get revenues up and fast to get better terms and a much higher pps. If not, lenders will get many more shares than the market can digest.
I have faith in veal but he must leverage the product and potential big returns for way better terms.
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