Wednesday, November 24, 2021 11:47:15 AM
Posted byu/Big-Ray-75
1 day ago
RGBP has roughly 30 mil shares of Note conversions left to hit the market as of yesterday
Look up yesterday's volume and then note today's volume---
RGBP should be very close to reversal once the last of the note conversion shares hit the market for the note mentioned in the last 8K. I estimate roughly 30 mil shares of the original 706 mil shares issued for the note payment were left to hit the market as of yesterday so hopefully they will be done dumping those shares this week. This is not based on an exact science but should be pretty close. Once this ends, we should see a reversal and start to head back up. I believe the next note conversions are not due until June 2022 and can be altogether avoided if revenues are generated from licensing deals to pay off that debt. As per Koos, he said he was not planning on issuing any new toxic debt going forward and that they would raise funds through some other means.
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