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Monday, January 13, 2020 6:55:51 PM
You can count it out or just figure there were 31 days in July, August, October, and December putting the 180 day at January 12th.
Might be why the bid was stacked (by me too), and why it was hit.
Conversion price is 39% off the average of 2 lowest closing price for the last 20. Those were 0016 and 00175, average is .001675. With the discount it puts the conversion price at .00102175.
At the conversion price they would only get principal and interest if sold at that price.
If they sold all of it at .0016 the lender would make an additional 26k. That profit drops by about 5k every .0001 they sell for less than that.
Not positive this is happening but it looked like it today.
This is the last conversion for a couple months, a lot could happen in the interim. Reg A is being done by Manhattan Street Capital so a whole lot can happen between now and March.
I took 3 today at .0016 and will be on bid tomorrow.
Last call week here, IMO.
CLWD!!
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