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loanranger

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loanranger

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Tuesday, 04/20/2021 8:26:09 AM

Tuesday, April 20, 2021 8:26:09 AM

Post# of 81757
Is this good news?
The current market cap is $30M w/60M share outstanding. The NEW $5million worth of debt is convertible at $1.50 so even if no new shares are issued the market cap will have to triple before any conversions can be done. The market cap is now 50-60 times annual revenues so that probably won't happen anytime soon.
The lender knows that, right?

It's morally wrong to allow a sucker to keep his money.
......W. C. Fields

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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