do you seriously not understand that when the convertible debt is converted at deep discounts to the market it is still held by the toxic lender in the form of common stock and not until the common stock is sold into the market does it affect the downward movement of the stock price?
so the Deep Discount Death Spiral Convertible Debt could be long gone but the downward pressure in the stock price is still going on much later
and sorry, but legit companies do not, under any circumstance, take on Deep Discount Death Spiral Convertible Toxic Debt.
THe drop in price had nothing to do with 60% - the 60% was long GONE by the time the price dropped, as the company had reported $800k in profits. Know of what you speak.
Yes, they have several typos - very careless of them. It's a red flag, as is the 60%. I didn't invest with any seriousness when they still had the 60% in effect. Sometimes 'scam' is just too convenient a label. Very legit companies take on convertible debt at times too. It's foolish but sometimes is the best they can do.