Thursday, June 18, 2020 3:11:36 PM
After 600m O/S the A shares can be converted per the 14. To what extent? Given the share price if they converted do they honestly think they could sell them? That just doesn't make any sense. That's 450m+ shares.
Have they cut deals to convert the A's and pay off the rest of the convertible debt in shares immediately making them debt free with a revenue stream?
Are they planning to convert their A's because an event is about to transpire where they could actually sell them much higher? I just can't see them being able to sell 450m shares unless the price was moving up, not down.
Right now there are literally no buyers and with a 10k bid and no one can sell. How on earth could they convert and sell?
Up seems down and down seems up here. There has to be more to this story considering someone actually did load up on the ask earlier. Was that literally just bad timing?
CBD retail is dead. Find something better. JMHO.
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