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philwil

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philwil

Re: Village man post# 132

Wednesday, 12/23/2015 8:40:20 PM

Wednesday, December 23, 2015 8:40:20 PM

Post# of 2624
You realize the entire convertible note is less than the dollar volume of today, right? A single trading day eats through a short-sighted converting note holder.

Authorized was increased, yes, but not in response to the note. Read the note. It is clear there is no obligation to increase authorized at current prices. It helps if you actually read the filings and agreements you are commenting on.

Much more likely is increased authorized for potential acquisitions when you have a liquid stock trading this kind of dollar volume at these prices.
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