Thursday, August 24, 2017 9:28:17 PM
Sure notes have a conversion rate as well but its always a percentage discount of the lowest price traded at over a certain number of days. Not to mention just by the vary nature of their business they are looking to gain their capital back ASAP to either loan it back to the same company if the venture was profitable or find another. The second their shares are 'cut' they are out of there because they are already guaranteed a profit once they have shares in hand. It's kind of like AMSCOT for companies really except the share holders get stuck paying the 'payday' loan fees in terms of pps.
IMHO EVIO needs to find another $3-4M in order to lock down CA. post split (assuming 100:1) with an o/s of ~20M (including preferred shares) I would gladly watch WW hand out 4M shares at $1 a piece to get things moving.
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