Yeah, I don't think honky is calculating it correctly. And, frankly, I have not seen that anyone on this board knows what it means. Not being nasty, but the speculation is clearly grasping at straws. For all we know, the $190 was a typo. It was previously $1.09. At this point, a typo seems more likely than an increase of $188.91 in the conversion price. But, I could be wrong. We could all be wrong.
What we need is for IMSC to publish something that either clarifies what's happening or, at minimum, presents some update as it relates to timing and their ability to operate as "business as usual" until such time as the announcement can be made.