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Tuesday, June 22, 2021 8:09:24 AM
It was a good discussion
My take aways:
-The note sucks no matter how you cut it
-IR statements about future conversion rates are unclear. .05 is probably not correct, but they have stated that the note terms and rate change based on market conditions and that .0004 was not continued. Its unclear to me what that means or what the future looks like there.
-Once we get over the hump from the note, I think the company is taking steps to rebuild the SS into something more investor friendly. However things started at AABB its not where its going now.
-Its also been stated that the .05 term is the threshold price that must be held to allow conversion. So we are unlikely to see less than .05 if that's the case.
-Still bullish on a long hold here
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