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Re: ChannelTrader post# 111694

Monday, 09/21/2015 10:20:06 AM

Monday, September 21, 2015 10:20:06 AM

Post# of 123645
Could get interesting. Assuming we are seeing more convertibles maturing and just about all the deals have been delivering shares at $.0001 it begs the question of how desperate they are to get out. Given that most of the convertibles were also discounted to cash there's still significant profit even at a break even on the stock but will they hold out for 130% gain versus 30%? Looking at the state of MRIB, lack of activity and uncertain future coupled with virtually no real sales revenue over the last 18 months and a company whose basic legal standing is in serious question, I'd bet some of these lenders might bail at $.0001.