SiNtx Technologies Inc (SINT)

[OhManIDied]

RE: Series B Preferred Floor Conversion Price

From SEC 2Q 10-Q Filing:
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12918746-890-124317&type=sect&TabIndex=2&companyid=603456&ppu=%252fdefault.aspx%253fsym%253dAMDA

8. Equity
May-June 2018 Preferred Stock Conversion
During both May 2018 and June 2018, Series B Convertible Preferred shareholders of the Company converted 4,072 shares of Series B Convertible Preferred Stock into 3,086,570 shares of common stock.

The conversion price through September 7th should be ~$1,45 per share.

If we recall that each $1K invested is worth $1.1K when converted the math seems to pan out:

(4,072*$1100)/3,086,570 = ~$1.45/share

If this is not enough for you, I just verified that the floor remains 0.48/share with an institution - to the best of their knowledge

I believe what we are seeing is precisely what I said would happen long ago when I broke down the exact terms of the financing here.
Let price die far enough that die-hard longs will release their holdings on a price jump (e.g. 0.24 to 0.38 in two days) - then scoop and keep scooping or rinse/repeat til you want to finally defend the floor at 0.48++ (And profit handsomely)

OMID