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PRmaniac

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PRmaniac

Re: Shrimclim post# 49071

Tuesday, 07/26/2022 6:17:13 PM

Tuesday, July 26, 2022 6:17:13 PM

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Toxic Convertible death spiral financing = dilution
$1,193,090 as of last report.
They just moved $200K to straight notes. The original convertible note will not have to be repaid. Nice convenient wording in the PR. And they would have had to give financiers a MUCH better deal. And will there be a new note? Still have TONS of convertibles (dilution) at steep discounts to the share price. They would be immediately dumped to lock-in profit.
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