I said 003, not 0003 and the stock was at 003 just a few weeks ago. I don't think it's gloom and doom, it's not even an unlikely scenario over time. Never talked about tomorrow. Why do you think they raised the A/S lately?
That said just do whatever you wanna do. I simply pointed out to you how toxic financing works, doesn't mean you can't trade the stock in between conversions or whatever. Was never my point. I for one am not buying a stock with a fresh new 100k toxic convertible note out. But that's just me. Others will and that makes a market. Good luck.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.