Ironclad Encryption Corp. (fka IRNC)

[Sean Portman]

I have a hard time calculating it all because the r/s has to cover a calculated amount to pay off all the loans due and coming due. Not very good at these derivatives. But by April, all but I think 2 notes will be due. I think, and I could be wrong, that if they were going to do a 1:10k then they wouldn’t have said up to 20K. There’s nothing that can change between now and then with this company.
I honestly don’t know if there’s a difference though. Because with all the debt since they didn’t get financing, it would make much difference to us. Weather I get 750 at $2 or 1500 at $1, 60% collapse at open won’t make a difference by much. But them actually doing their job and either selling or leasing the patents will decide if it rebounds.