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gumbie05

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gumbie05

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Monday, 05/15/2017 3:48:02 PM

Monday, May 15, 2017 3:48:02 PM

Post# of 57850
Looks like Old Main converted part of the $265,000 Note they purchased from Pulse. The question is how much was converted? At current prices that's only $50,000 worth not including interest and fees. The real problem is that these types of (toxic) funds convert the maximum % allowed (less than 9.99%) and it rarely constitutes the bulk of their Notes...hence the reason they're called "Death Spirals"!
- JMHO
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