Thursday, July 20, 2017 2:00:52 PM
500 million OS shares RS to 125 million, leaving 375 million to cover the debt conversion post RS
If $15 million in debt sells 75% (25% kept for ride up) = $11,250,000 to sell
And $11,250,000 / $375 million = $0.0300 average pps on the debt conversion
Assume no existing shareholder sell off (sigh), wouldn't the "bottom" or average for debt conversion reasonably be considered $0.0300 / share
Realize there's a ton of other factors, but couldn't this generally attempt to describe what the hell is going on here.
Searching for answers...
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