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Friday, October 22, 2021 5:48:20 PM
Several ways to read into the wording of the 8K, specifically (Pursuant to such interpretation the noteholders may have been able to convert the outstanding balances over time into 855,584,615 shares of the Company’s common stock having an aggregate value of $16,598,341 (valued at the closing price of the Company’s common shares as of October 21, 2021) such conversions being permitted so long as any one such conversion would not result in the noteholder holding over 9.9% of the Company’s common shares.)
Personally, I believe that this is all great and is a another mark going in the right direction.
In the last 3 weeks we have traded 1,077,399,565 shares and we have gone down solid for 5 weeks now.
If these note holders were betting on getting these notes converted to shares and shorted and pushed this down to the current levels in anticipation of getting an additional 65% discount, we could see a short squeeze in a massive way.
Just a thought...
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