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Cody6

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Cody6

Re: mdimport post# 18457

Sunday, 05/14/2017 10:39:21 PM

Sunday, May 14, 2017 10:39:21 PM

Post# of 62744
I don't usually post but I think I know the likely reason they converted to a fixed conversion price. I'm not an auditor but I have worked with auditors on this particular issue. I believe that a variable conversion price requires them to record a derivative liability on the balance sheet, but not if the conversion price is fixed.
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