Thursday, October 17, 2019 12:06:08 PM
How did you come up with "the lenders aggressively converting at over 30% of daily volume"? How would you know that?
I agree that there will be some dilution necessary for the company to be able to fulfill the orders it has for it's extraction equipment. Keep in mind that Proscere Bioscience, Inc., the subsidiary that developed the extractors, was only acquired by SIML last January. But, as was correctly pointed out, the 5 billion share OS was required by the SEC to cover the convertible notes, if necessary, based on their current share price. There is no reason to believe that they will need to convert all 5 billion shares or even a major portion of it. If they have $24 million+ in orders, they should be able to stagger the shipments and cover their expenses and toxic debt.
Les
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