the deal is 54,400,000 shares eliminates $3.6 Million debt and nets them $5.4 Million cash if all warrants are executed.
They are hoping that they get to $.30/share and can force conversion within next 12 months. Lets hope the market rewards what they have been doing. To do that they need to overcome this conic undervaluation we have been dealing with.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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