Thursday, September 21, 2017 2:08:38 PM
Keep in mind the massive hit to the share price was due to a convertible note that was sold to a third party who basically just tanked the stock price by converting all at once. This should correct.
Even with the convertible note coming due, it is not likely the note holder will want to covert and max out A/S. That would tank the price and max A/S so good luck getting the rest of their money anytime soon.
The notes state: "The promissory notes accrue interest at a rate of 8% per annum, and all principal and interest accrued under the promissory notes is payable on October 9, 2017. "
I would however expect them to get paid the interest which ICLD should be able to cover without diluting the shares. I expect some positive news in regards to the notes restructuring.
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