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Re: gedi8 post# 169937

Thursday, 07/08/2021 8:46:20 PM

Thursday, July 08, 2021 8:46:20 PM

Post# of 194579
Not only that, gedi, the 10% is imo most likely stated as '10% of the average daily volume on a rolling weekly basis (5-day average, 7-day average, 10-day or whatever).' That's the way I've seen it written in note contracts, and I'd be very surprised if the Iliad note called for something as granular as a daily maximum. Such a limitation would be almost impossible to follow and/or enforce with most nano- and micro-cap stocks, as they simply trade too thinly. Just think about it, and you can't imagine how a lender/financier would ever be able to agree and abide by such terms.

I haven't been paying too damn close attention to the daily details here, but I'm sure someone here on the board has the daily T-trades in a spreadsheet and they likely know very well whether we're seeing roughly an average of 10% over a week's time. If that's what we're seeing... mystery solved; if not, then there are plenty of ideas to speculate about.

Whatever the case, those that have more detailed info/records tend to keep it selfishly close and use it to their advantage - can't blame 'em. But we can all see a recent bottom and a trend reversal, so we may not be far from the end of the cheap dilutive shares and a rapid/accelerating price recovery. Anyone wasting their time all day to work sentiment to flip for a few burgers is really wasting precious time of their lives while the rest of us practice patience and build wealth.
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