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DaReal

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DaReal

Re: RCL Cruiser post# 9276

Tuesday, 10/28/2014 2:48:09 PM

Tuesday, October 28, 2014 2:48:09 PM

Post# of 17001
If i read the Contract correctly, the Note holders can't hold more than 4.99% of the number of shares of Common Stock outstanding. So they keep adding after selling. Since the O/S is increasing daily and the conversion price keeps dropping they will add more and more shares.
The higher the O/S the more they can convert at once. Since they are converting at a premium they can sell it down here and again at an even lower price and cont to sell.

BTW does anybody has the current O/S?
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