Deep Green Waste and Recycling Inc (DGWR)

[Mondragon]

The notes are convertible at any time, after 6 months of issuance, at the specified price or price mechanic. Which in this case is .179 for the notes detailed in the annual report.

It doesn't mater where the stock price is. They can convert when ever they want, after the 6 month cool-down. However, assuming the note holder is rational, they wouldn't convert when the stock price is under .179.

There is also the chance that they (note holders) negotiate the price of conversion to a lower price. This is what happened with the 5 million share warrant sold the the previous owner. The strike price was lowered from .30 to .20.

Shorting DGWR as one of the current convertible note holders would not be smart. The company can not purchase more than 25% of the average daily volume per rule 10B-18, so even if they were buying back shares, it wouldn't be much. The note is a loan. If they don't convert, they get paid (or not if the company can't pay, which is why the loan has a conversion feature).