AI
Friday, June 19, 2015 12:34:22 PM
LIBE debt DD.......
People are complaining about all the recent dilution. But, in addition to the fact that we have been consistently holding higher lows through the process since mid-May, my understanding is that this has been the result of all that conversion:
This, IMO, is a very good thing, and worth the necessary pain of all the recent dumping. If this is accurate, then the next note cannot be converted until July 11, then the other two not until September. I have a feeling the PPS will go significantly higher before either of those two dates...
People are complaining about all the recent dilution. But, in addition to the fact that we have been consistently holding higher lows through the process since mid-May, my understanding is that this has been the result of all that conversion:
This, IMO, is a very good thing, and worth the necessary pain of all the recent dumping. If this is accurate, then the next note cannot be converted until July 11, then the other two not until September. I have a feeling the PPS will go significantly higher before either of those two dates...
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