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Re: Nowak488 post# 18733

Thursday, 11/20/2014 5:08:11 PM

Thursday, November 20, 2014 5:08:11 PM

Post# of 47873
Are you talking about the 4.9% conversion limitation, or is there something else? They can't convert everything in one day, but assuming they wanted to play hardball and dump 4.9% of the outstanding (which would be over 3 million shares on current numbers) on a daily basis, things could get real ugly real quick.

By the way, I realize Implant was hardly in a position to negotiate, but I love that if DMRJ owns over 4.9%, then Implant has breached the loan. I mean, how the hell does Implant know how much DMRJ has sold? Also love that they declared a default, and then renegotiated for a lower conversion rate. Truly, a "great bunch of guys."
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