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Wednesday, May 27, 2020 8:02:03 PM
If he's a toxic lender (at 10% - whoop-ti-do), the company will already know if he hangs on to his shares when he converts (after carrying the loan for many months), or dumps them into the market. If he holds, then they'll probably be willing to convert the loan into shares because it looks like he's bailed them out of a bit of a tight one here (if I'm right and this pertains to the German tax thing). If he dumps them upon receipt, then they'll pay him off with the money they'll be taking in from Sawston.
Much ado about nothing here. I bet we'll see the 10Q shortly, as they probably had to pay the dang Germans off before they could be in compliance.
All guesses. I'll be very curious to see what this obscure German tax issue was.
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