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Re: hibarb post# 33778

Wednesday, 02/19/2020 8:26:01 PM

Wednesday, February 19, 2020 8:26:01 PM

Post# of 36801
A little more dilution everyday. Sometimes a lot more.

Wonder how much toxic debt is left to convert. 9/30/20 they had $650 K of it left. They've converted about 375M shares @ 60% discount to average price since then, or about @ .00093, which figures to about $350K converted leaving $300K left to convert. Worst case it converts @ .00006, and 5B more shares. Best case @ .00018 and 1.6B more shares. Won't know until next report how much debt they've taken on since the last one.

Looks pretty dire no matter how you look at it if the Acela deal doesn't close.

Emotion free objectivity. Keep it stupid simple.

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