Tuesday, November 16, 2021 6:23:37 PM
Geordan's conversions don't have anything to do with the series C preferred shares.
As for Discover, I'm always shocked as to how many shares he has converted, which is now more than the 2.5 million $ he initially gave for BYOC to buy S800. He's converted more than the 3.4 million $ on the note that was exchanged for the series C. So, including interest, the dude should be well over 100% compensated. That's quite the "ironclad" contract. So, according to the amount left of series C, there's shy of 10 billion common shares to convert equivalently. That's another 10 million dollars at .001! If so, he really has done quite the job here... or is there something else going on here that we don't know?
You are incorrect though on Discover having 2 lawsuits against BYOC, its only one. The other one was Iliad, who was literally the toxic lender... https://utopiacap.com/iliad-research-and-trading/?amp
As for the theory of taking it as low as it can go, considering everything, I wouldn't go against that at this point. But there's been more than 4 million dollars worth converted down here, so taking it that low doesn't make sense... why wouldn't those investors just wait for the true bottom. Its interesting.
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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