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Re: Deuce22 post# 14138

Sunday, 04/03/2016 6:40:15 PM

Sunday, April 03, 2016 6:40:15 PM

Post# of 62897
Thanks. At one point I wanted to tell people "oh no, this isn't a toxic death spiral & it's not debt, it's warrant conversion". In reality, now I think it's the sneakiest, deadliest death spiral one can conceive!

Minor point: the original value assigned to a warrant was 1.08, the warrant conversion price to pay for a share was $1.24. That's why I say the pps had to be around 2.50 to make it worth it to go that route. What a difference it could have been indeed...
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