InvestorsHub Logo
Followers 14
Posts 435
Boards Moderated 0
Alias Born 08/31/2014

Re: chasingpennies post# 699

Monday, 10/27/2014 5:20:39 PM

Monday, October 27, 2014 5:20:39 PM

Post# of 8579
Thanks for your response. As regards the conversion price, the note-holders, I believe, wouldn't care about the stock price unless and until the stock reaches Fifteen Cents; they would be indifferent between having the stock price before conversion at one cent or ten cents, because their conversion price would still be fifteen cents (the language of the conversion terms was "the greater of...").

Above fifteen cents in stock price, of course, the note-holders would want the lowest underlying stock price possible, until the stock were to decline to fifteen cents at which point the stock price wouldn't matter anymore. I would believe that the stock will never again see fifteen cents, as there is not enough hype that could be created, whether legally or otherwise, to drive the stock to that level. ...though I will admit that I'm not that knowledgeable about the "repeatability" of pump and dump schemes on the same stock.

Again, your work in regard to tracing Gotama to the Marshall Islands was excellent.