Wednesday, October 21, 2015 10:47:22 PM
Bloomberg follow up on DEATH SPIRAL FINANCING- incredible article.
Remember, Bloomberg did a first article about "Magna" and Josh Sason who runs it- how they provide financing to cash desperate penny stocks (such as Bioheart, BHRT which has a forum here on I-HUB and did qty-2 Magna financing deals end of 2014).
This was Bloombergs first excellent piece of financial journalism- where a highly reputable main stream financial news and investigative journalism group looked into the sorted world of what's known as "death spiral" or "floorless convertible debt" as is discussed here.
Here's that first article:
http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing
Here is the latest article- written by a Bloomberg writer (and this guy is no duffer, look at his resume on the upper right-hand column: Investment banker, mergers and acquisitions lawyer among other attributes on a very flush, "expert" quality resume)
Here's his follow up on the first Bloomberg piece- it's an incredible glimpse, with explanations, into the sorted world of penny stock "death spiral" financing and how it all works. A stunning read IMO. Amazing stuff that some news source as credible as Bloomberg is finally peeling back the layers and revealing this sorted, dark world of penny stock financing IMO- real amazing read:
http://www.bloombergview.com/articles/2015-03-12/death-spiral-convertible-financier-has-a-lot-of-fun
An amazing read IMO- another "best of" in explaining some of the inner workings of the "convertible debt" dark recesses of the penny stock finance world.
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