Monday, March 12, 2018 11:23:31 AM
Sure, easily done.
It's not an equity line of credit. It's a variable and floorless convertible note with terrible terms.
This isn't just "a loan" or just "a line of credit". The share price is directly tied to the conversions, and Ignition is allowed to convert at a 25% profit no matter how low the price drops.
Price at .0001? Doesn't matter, the note will convert at 6 decimals (.000075) and always be profitable.
It's toxic death spiral 101.
There. Education done.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM