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Re: Rainmaker80 post# 21714

Sunday, 05/15/2016 10:06:29 AM

Sunday, May 15, 2016 10:06:29 AM

Post# of 46516
"Now, it may be the company has negotiated some sort of deal with the seller to ensure they dont sell below .012 or so, no idea, just spitballing...but if there is no such agreement, yes the more this group dumps the more its hurting themselves because, indeed the share price will decline as they sell. Effectively, they are screwing themselves as they dump right now. "

The holder converts at a 45% discount at the average of the lowest three trading days over a 20 day period. The convert holder does not hurt themselves selling into the bid. They are able to send in a new conversion at a lower price for more shares.

"As I said, they chose to hold a gun to the company's head by offering punitive financing terms, well sometimes it backfires, and right now is one of those times. I don't think the owner of the convert expected the share price to be this low when they sold. "

The convert holder knew exactly what he was doing and is taking advantage of WDDD's liquidity.

"They would be smart to stop selling as its only hurting them without a catalyst for buyers to step in right now.


They don't care about WDDD's fundamentals. They just want to convert at a 45% discount as much / fast as possible and dump the shares to lock in an automatic profit. The only thing that hurts the note holder is if WDDD goes no bid.