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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,978.00
(
-1.19%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.14
(
-0.16%
)
Bitcoin
60,510.14
(
0.41%
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RadioSilent

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Re: shajandr post# 22947

Monday, 02/13/2017 3:02:38 PM

Monday, February 13, 2017 3:02:38 PM

Post# of 107737

The cost basis is IRRELEVANT for CONverters


Wait...what?

Their effective cost basis is whatever they did to end up with the shares to begin with...right? If I'm a ToxGuy and I loan MYDX $10,000, then I get my money repaid in shares, with a 45% profit. Right?

So if the stock is at .002, then I get (10,000/.002) X 1.45 = 7.25m shares. So my best bet is to redeem ASAP...before somebody else beats me to the punch and drives the PPS down.

Am I off base here? I thought that's what was going on.
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