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nisse44

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nisse44

Re: CharlieLittle post# 135090

Wednesday, 04/18/2018 3:15:34 AM

Wednesday, April 18, 2018 3:15:34 AM

Post# of 163718
You got part of it wrong. The 6.2 M is.
Lowest conversation rate is 1.5 USD. The share has to be at 2.3 USD or less to.get this one. In that case HE gets 2.6 mil
shares. If the price rises to say 5 USD he getsto convert to 0.65*5 = 3.25 USD.
That is the only logical explanation. The loan of 4M transforms into shares if executed. But the question is if SIAF can repay the loan with cash instead.
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