Skye Bioscience Inc (SKYE)

[AntonChigurh]

I don't get the 'SP crushing' worry

The SP is essentially the same now as in the Schneider deal. It would be impossible for them to convert and then liquidate any meaningful amount of shares on the OTC, before beginning to sell at a price that is Less than what they paid for.

Also, by converting there preferred to common shares, they lose some security in the event the company's IP and other assets are liquidated and shareholders get paid out. The preferred get paid first.

I'm sure there is something about a lockup period in the agreement, you should go read it over. I am busy with something, but I might take a gander myself soon.

But IMO, while NMUS trades on the OTC, Schneider won't convert a single Preferred into common equity. They are heavy hitters.