Santo Mining Corp (SANP)

[towerclimber92]

He will be forced to raise the authorized or reverse if there are any remaining cpn notes. There must be room in the share structure to allow for notes to convert. With a dwindling share price, the notes continue to deal larger blows to the share structure.

I don't see convertible financing stopping anytime soon. If the merger with canoe actually happened, maybe the financing could have been more shareholder friendly. Instead it seems they're building up a company that's been rebranded many many times, with a share structure that is almost maxed out. Extremely high risk.