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Post# of 47873
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int10a

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int10a

Re: Nowak488 post# 44746

Saturday, 12/24/2016 9:08:54 AM

Saturday, December 24, 2016 9:08:54 AM

Post# of 47873
How did they negotiate those $0.19 shares on the $7M debt? As is noted in the 10Q the share price was $0.44 at the time so they had to take that $9M non-cash charge as a result to account for the shares being set at a rate below market price. Why would anyone agree to that unless some coercion was involved? That is some penalty to have to reprice the shares from $1.09 to a price well below the market value of $0.44.
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