InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,184.80
(
-0.16%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.78
(
0.36%
)
Bitcoin
61,121.24
(
0.50%
)
Post# of 18295
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Ultimaratioregum

Send PM Follow Ignore
Followers 36
Posts 2525
Boards Moderated 0
Alias Born 02/18/2012

Ultimaratioregum

Re: smallstockinvestor post# 16262

Monday, 08/31/2015 12:23:35 PM

Monday, August 31, 2015 12:23:35 PM

Post# of 18295
The financing company is probably pretty pissed also. It seems like OsLh was in default (not paying the debt) and then the lender tried to convert $2 million of debt into stock but the company is only worth $300,000!!

How do you get $2,000,000 back (at a nearly 50% discount) if the company is only worth $300k!?!? You don't really... They r stuck converting a little bit at a time and then selling it for whatever they can get. It must be a huge pia!

I wonder if the lender will foreclose on the hydro shop... But what would they do with it.??
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up