CarbonMeta Technologies Inc (COWI)

[BarkOLounger]

I'll take a stab at this answer.

If you want proof that company is committed to not do an R/S look at their actions.

By best estimate COWI revenue is 6 to 7 million per year and they have 2.7 million in convertible debt. Current OS is around 9 Billion. The 2.7 million would convert to between 55 and 77 Billion shares (I didn't bother to do the actual conversion math from the Q, but you can see it's an enormous amount of shares).

With only 7 million in revenue there is no way that a company would divert 1 to 2 million of that revenue to pay off CD and avoid conversion if they had any plan of RS. If they were thinking of doing another R/S they would not negotiate forbearance for the debt and start making cash payments, they would just raise the AS and let the conversions continue. So far they have announced agreements for almost 40% of the 2.7 million. I believe that they are in talks with other note holders and we will hear even more announcement in the near future. If they weren't they would have already been required to raise the A/S to accommodate potential conversions.

At any rate this the logic I'm using to justify my buy and hold at this time.