Value Microcaps Motherboard

[abh3vt]

EP, CXTI has hit the 2.40 level several times and sold off. My guess is that this is the price at which the CD holders will start to hedge the potential position they can take if the remainder is converted into stock:

"Conversion Price. The conversion price in effect on any Conversion Date shall be equal to the lesser of (a) $1.80, subject to adjustment herein (the “Set Price”) and (b) 75% of the average of the 5 consecutive VWAPs immediately prior to the applicable Conversion Date (subject to adjustment herein)(the “Conversion Price”).

75% of 2.40 is 1.80. Expect some pretty stiff resistance anywhere above that price until the closing period of the CD (sometime in October, I believe.)