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Wednesday, May 19, 2021 10:57:48 AM
“Restructured convertible debt into convertible preferred”
— KIR (@KeepRealistic) May 17, 2021
The preferred are being converted at 150m per 15k shares and the restructuring consists of 1,555,905 which equates to over 15b shares of conversions ?
Am I reading this correctly?
Snippets of 10Q below … pic.twitter.com/uQTrpgN3hy
What baffles me, is why would an investor pay .01 with this type of incoming dilution
Unless he has an anti RS clause in his investment ?
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