Thursday, December 07, 2017 4:01:26 PM
20% immediate discount. (i.e., SVTE got only $92k but owes $155k)
50% conversion discount. (i.e., shares are converted at half market price)
If that debt were converted any time this month, it would produce 2,300,000,000 shares. (2.3 BILLION shares)
The O/S would go from ~4.5 billion -> ~6.8 billion!! For a measly $92k!
And that's from the MOST RECENT note. Think about the new notes about to be issued every month to keep this company afloat while it's losing money and (supposedly) funding an acquisition!
There's going to be endless dilution!!
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