West Coast Ventures Group Corp fka WCVC

[alexbh2285]

The point of it is that SPA (death spiral equity) holders and death spiral convert holders have resets and look backs based on the lowest price (usually the lowest closing price but unlike LEXG they don’t show the specific contract just higher level details). So even if one share trades low at the close (or maybe even at anytime if the SPA or convert contract is more generous) the SPA or debt holder can convert into many more shares. This is how there has been dilution to over 5.2 billion shares outstanding in such a short time despite getting over $1MM in covid aid from the government.