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.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM