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Friday, January 18, 2019 8:58:35 PM
Also the old $250k note that management claims is not toxic. Many of these tend to be at 50-80% discount to lowest price over last 20-45 days. Assume its lower 50% discount rate from low price of .006. Say Tuesday stock hits .02 and they decide to start converting. It'd be 83M shares worth $1,600,000.
Not saying this is the case here but on pinks this is how most of these dilutive notes work. Anyone have terms for these notes or is company hiding it?
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