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Re: Nickleordime post# 348

Monday, 05/11/2020 9:09:18 AM

Monday, May 11, 2020 9:09:18 AM

Post# of 876
Nick...

What I really think they should do is skip further Convertible notes and just float a secondary..Currently the company has a float of only 96 mil common shares and in the big game this is next to nothing..A lot of big funds would not come near an issue that only has 96 mil because of potential liquidity problems...Right now the company could sell 20 mil shares at $10 and get $200 mil which would go a long way of getting them completely debt free..Then they would be turning those revenues into earnings..and the PPS would go through the roof...Three months down the road and everyone would be saying.."What dilution"..

":>) JL

Convertible notes always increase the short position in a stock because of the convertible hedge...
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