Nutex Health Inc (NUTX)

[king koopa]

This DD is way off.... I'm gonna help out this once, usually when half baked DD is posted the person doesn't actually want help...

Quote:
Subsequent to the end of the period through the date of the report, various noteholders converted $270,957 of principal and $18,176 of accrued interest to 146,727,525 shares of the Company’s common stock.

So right there 270k + 18k converted into 146m, nearly .002 average.

Since then, another 41m shares converted 352m OS increased to 393m). If we take the worst case it would've been a .0013 conversion, based on .002 stock price, likely a few points higher. That would be at least another $53k, likely a bit more, so based on as you said approx $400k there'd be maybe $50-$70k left. If any conversions are left, the stock hasn't been below about .0055 since April 26th, realistically .0039 conversion price would yield 18m shares. Peanuts. With note holders running out, they can't keep the price down long enough to make much of a difference.

Note the conversions are based on 65% of avg of 3 lowest closing bid in last ten days. So there is no just painting a low price for a split second and getting a cheap conversion based on it, as you suggested. If they're not out yet then they are running out rapidly and not getting many shares at these higher prices.