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krays

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krays

Re: uksausage post# 28387

Thursday, 01/12/2017 7:01:23 PM

Thursday, January 12, 2017 7:01:23 PM

Post# of 57062
They gave away at least $.03 per share on the ill fated Hercules loan. Minimally, $4 million financing loss to be recorded in the 4th quarter alone. Anxiously waiting to see how the share price performs on a VWAP basis for the seven trading days prior to the first installment due date (Jan 31) for the series D.
I still hold a portion of my position but am deeply skeptical of the new convertible preferred owners and their intentions. I suspect that the holders of common will be diluted out of their share regardless of the success profile of the company!!
Been there!

"A man doesn't know what he knows until he knows what he doesn't know"

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