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Thursday, September 19, 2019 1:04:54 PM
But, that doesn't mean that SIML management is going to allow the remaining $1M worth of conversions to be diluted.
They could be planning on paying off the remaining noteholders, and if they do, then they can easily lower their share structure back down under a billion shares again.
So the initial panic of the back-to-back share structure increases may be all for naught, if mgmt.'s planning on paying off their remaining noteholders in a similar manner to the approx. $2M worth of convertible notes their recently filed 8k proves they just did right.
So IMO the gamble here is whether or not folks think SIML mgmt. is gonna pay off their remaining notes similar to how they just paid off their last round of noteholders. And if they do pay them off soon, the table will be set for a massive share structure reduction along with whatever fresh valuation driving catalysts they're planning on unleashing over the coming weeks glty!
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