Saturday, June 24, 2017 12:35:08 AM
Sketchball companies seem to have convertible debt with a discount of ~50%.
MAXD seems to sell debt at a discount of ~35%.
That means lenders have much more faith in Halpern/Blaisure to drum up buyers for the converted shares, and to keep stock prices stable while dilution/dumping is happening.
That faith is well deserved in my opinion. If Halpern has any skill when it comes to business, it's in enticing people to throw their money away on penny stocks.
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