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nit2win

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nit2win

Re: NoWammiesSTOP! post# 70778

Monday, 11/15/2021 2:44:09 PM

Monday, November 15, 2021 2:44:09 PM

Post# of 82716
No, not at all.

The derivative liability is measured between a notes conversion price and the current share price. You calculate the difference then multiply by the amount of shares it would take to satisfy the note. (Debt to equity conversion.)

These notes were issued out of the money back when the company was sub-penny. However, now that the stock is up, way up, it creates a "paper" liability that is recorded as a loss.

Funny thing is if the stock were trading at .04 cents, they would have no derivative liability other than the face value of the note. If the stock were trading at .60 cents, the loss would be twice as much.
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