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Re: RationalExuberance post# 17636

Wednesday, 08/08/2018 11:04:29 PM

Wednesday, August 08, 2018 11:04:29 PM

Post# of 41257
A few facts about the recent financing to set the board straight:
1) the wanrants are not equal to the series b preferred shares.
2) the warrants are convertible at any time.. you may pay the company ~$1.60 directly to retrieve a common share versus buying them at ~$0.50 on the public market.
3) the is no meaningful forced conversion of series b shares that you all need to be considering applicable at this point
4) the series b are currently convertible for ~$0.67/share and the shares would be tradable within days if not sooner - no converter has made a profited selling below this price.
5) day 80 is September 7th.. the conversion price will become a variable which changes daily.. on any given day it will be determined by the prior 5-day VWAP. The floor price will remain 0.48 and with the 10% conversion bonus the floor price is effectively 0.438. The converters cannot profit below that price without a new financing deal offering better terms to which the series b holders will be matched.

It is clear as a glass that what happened when we gapped down was manipulation. Who suddenly moves to sell millions of shares by placing an ask wall 25% below the prior close at 7AM and otherwise goes to great lengths to ensure that the price stays down despite the intense buying pressure?

My take on it all is that the financiers will hold her down here until they can convert after september 7th for the floor price... at this point there will no longer be a reason to hold the stock down and it will absolutely grow wings and fly.

I am not perplexed or confused whatsoever by the financing terms or how the financiers are going to play this. I am abit shocked at the extent of this manipulation but I am with them and you all at the same time.

OMID
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