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Post# of 330245
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Re: The_Pro post# 233418

Tuesday, 08/18/2020 10:31:57 AM

Tuesday, August 18, 2020 10:31:57 AM

Post# of 330245
Wrong, I disagree with #4.....the issuance price of the conversion shares is established at the time the loan was made, not the date of conversion.

The share issuance price is established as 50% of the closing price on the day of the loan.

Therefor, if the trading price on conversion day is lower than half the price on loan day, the lender is under water. Lenders will only convert if the trading price is higher than half the loan date price. And the interest meter stops.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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