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valueyoda

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valueyoda

Re: zerosnoop post# 42805

Friday, 11/10/2017 5:42:21 PM

Friday, November 10, 2017 5:42:21 PM

Post# of 57879
I don't consider even 50k or $100k to be a fortune for such a groundbreaking technology. And some of that is not an outright investment, but merely the conversion of a note or the exercise of options.

These directors that have bought some convertible notes in the past are not even shrewd investors. If I had given the company a convertible note, I would have demanded that it was convertible in a fixed dollar amount of shares instead of a fixed number of shares. That way, I would have been protected against dilution regardless of the share price.
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