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Village man

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Village man

Re: DrContango post# 1000

Tuesday, 03/29/2016 6:35:12 PM

Tuesday, March 29, 2016 6:35:12 PM

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This looks right, plus just over $5000 in interest. Unlikely however they convert the entire $262,500 note at one time, more likely is a quarter or half of it then they would bail on that and see where the stock settles in. At that point they could get the next batch at a lower price.

This is why this type of financing is toxic.

All my posts are OPINION only. Never buy or sell securities based on my opinion.

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