Well why would you love to see that? It isn't like they are going to give you .0129 for your bag full. If they convert at .0129 and sell them all they are still diluting. And they have something to write off against all the gains they have made by selling trash to people Perry lied to.
But you are right. They wont convert them. They will never get the chance. The amount of dilution here is a war now. The VCs are fighting to be the one to be able to unload before the no bid.
Tangiers has plenty of shares at .000x to convert they don't have to worry about converting the shares they will never have a chance to unload.
Those shares would be the last to convert if the company was still alive at that point.
The only thing obvious in this entire conversation is that once someone is cornered with their own words the proper thing to do is not admit that they are wrong. Just make it out like nobody cares and move on to the next line of crap.
The shares are convertible. End of story. Anyone who was saying they wernt was lying or seriously uninformed.
1.8M in convertible debt as per your own statement.
It doesn't matter if they ever will convert.
Most of the VCs shares wont convert because the company will close long before they have the chance
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