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Re: Navin R. Johnson post# 15082

Sunday, 03/12/2017 8:15:50 PM

Sunday, March 12, 2017 8:15:50 PM

Post# of 61601
Partly right, partly wrong. No creditor would take on convertible loans without an enticement. The enticement is that they can convert debt to equity (shares) at BELOW market price. There would be no value in market price or higher - they could just buy stock instead of investing in the company. They are enticed into loaning money because they get shares at a LOWER price than the rest of us, but when they do it, the price sags, because that becomes the new stock price. As long as it continues, the stock price plummets. In this case, all the way to $.01. Now it's gone, and can't be driven lower by dilution.
Only lack of execution can now hurt ICLD, and I don't think we will see that. They want to profit from their company too.