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Re: rrao11 post# 99484

Friday, 03/13/2020 5:24:06 PM

Friday, March 13, 2020 5:24:06 PM

Post# of 111071
What we were talking about is there are no deadlines to convert until June and a July. Those are the end dates of the next two, of the last three remaining notes.

In the past, it looked like the notes were not fully converted and approaching the deadline, CMTH did not pay them off either.

Remember, all they are, are hgh interest loans. CMTH can pay them off, but when they don’t, the note holder is guaranteed enough shares to sell to get their money, with negotiated interest back.

If the note holders are our institutional investors, they most likely wait until the end for us, then they dump because they have too.

That’s why in the past, the week before each end date we saw higher selling/converting. Even though the next deadlines are in June and July, they can sell anytime after the first 30 days.

The warrants, I cannot explain, someone else will have to jump in. Bottom line, toxic financing is brutal on startups if the notes convert and dilute the SS.
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