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Post# of 32163
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FredVestor

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FredVestor

Re: wj2005 post# 6380

Monday, 06/01/2015 9:52:01 AM

Monday, June 01, 2015 9:52:01 AM

Post# of 32163
No it's not simple. You said he was "incorrect" and then proceeded to talk about a completely different note with different conversion rates than the ones he was talking about. So he wasn't incorrect then.

The $0.02 conversion rate for Greentech is simply to match the ones from Weiner and Knoll. As the 8K states, Weiner and Knoll had to approve to note and of course they wouldn't approve anything below what they paid for, which was $0.02. This notes simply puts Greentech at the same lien level as Weiner and Knoll.

Since they are now the biggest note holders, Weiner, Knoll and Greentech, they probably have a deal to take over.
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