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Re: Cachanova post# 81086

Thursday, 10/26/2017 8:30:09 AM

Thursday, October 26, 2017 8:30:09 AM

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Quote:


“As to the current scheme of loans and share dilution, it's somewhat similar to convertible notes, except that the notes are being repaid with Preferred K shares that convert into 10 shares of the common, which effectively gives shares at a 90% discount to the current price.

That's not good for HEMP shareholders, but it's very good for Bruce Perlowin. “