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Re: TheLawX post# 142359

Thursday, 12/28/2017 8:47:21 PM

Thursday, December 28, 2017 8:47:21 PM

Post# of 183214
CEO is not 'giving' shares away in exchange for debt relief. Get over that notion. These are flat out loans that have conversion terms in them. After 6 months, lenders can convert, assuming pink current, which it is.
It is not up to the CEO, it is up to the lenders. Personally, the lenders can see as much if not more than I, and if I were in their shoes, I'd be tightening my trigger finger, because if they wait too long, they can greatly diminish their potential return.
These lenders are in this game for one reason - to make money, LOTS of it. They don't care about their measly 10% interest rates, they make THOUSANDS of percent on the conversions! They are not going to want to hold through an RS either, and they can also see what is coming.
And, no, nothing was 'paid in cash'. Proof of that is the ongoing new notes. You don't pay off notes early with convertible debt loans.
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