Monday, January 15, 2018 1:18:13 PM
As explained multiple times, the loan is a 25% discount of the lowest share price during the specific tranche period.
That is, by definition, toxic. The discounted shares force the price downward. Then the next round of shares is discounted even more, further depressing the price as even more shares are issued to account for the same dollar amount lent.
Well-timed PR pumps will ensure sufficient volume during each round and help avoid potential no bid situations.
Toxic death spiral. To a T.
Frankly, it’s extremely easy to see. There’s no pretending or obfuscation. JF is telling you exactly what’s going to happen.
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