SiNtx Technologies Inc (SINT)

[SmokerX]

madg is arguing that 3b conversion is occurring at a lower rate than the .48 floor. What he posts for proof of this is a clause stating that if AMDA issues new stock or preferred shares in the future lower than the .48 floor then whatever price they issue these at is the new floor. It would take a new deal reported to the sec to have the floor lowered this way.

Ask him how much he thinks floor conversion is. He`ll say .48. He knows if he says different its false statements and the sec gets involved. This is why it took me awhile on wtf he was trying to talk about.

We dont even know if these preferred are being converted. Sometimes they are held as preferred. The only way we know is on quarterlies and if they are converted into common it means those who own them believe the common is worth more than the conversion price .48.