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Friday, August 22, 2014 10:50:06 AM
Never seen someone argue something so simple like a basic convertible note. No need to explain to me how conversions work. As for the rest of the exhibits, feel free to spin them in any direction you want.
How have you "proved" that Schissler's agreement is "better" than Pritt's? Pritt had a contract to receive shares at 1c which he sold for less. That is his business. Schissler's conversion price is a function of the share price, "bid". What if the closing bid on the security were 2c and higher before the conclusion of the 2 year contract? Doesn't he pay double or more than Pritt? If that were the case, it is REALLY better? HOGWASH. The only thing you've proved is "jumping to conclusions" without seeing the conclusion of the terms.
In God We Trust. All Others Must Pay Cash.
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