SUMMARY: Illiad is the only remaining toxic lender with a balance of $140,640 which will be due April 1st 2015 with a maximal conversion rate of $37,500 per month at 40% discount.
With the 40% discount it works out to be approx 50 million shares/month for 4 months. Peanuts compared to the potential here.
Could we see an ELR@ type move once conversions are done and financials filed?
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