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Phaedrus77

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Phaedrus77

Re: Enterprising Investor post# 277

Thursday, 08/11/2022 9:31:05 PM

Thursday, August 11, 2022 9:31:05 PM

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It bought back 3.7 million shares in July @ $2.00.

There are two 5% shareholders, one of whom owns some of the convertible debt. It’s possible she converted the debt and sold the shares back to the company.

I guess we’ll find out next quarter.

Edit: The number of shares listed on the cover sheet of the Q implies that the note wasn’t converted. The selling shareholder must be the entity that owned 3 million shares (shown in the recent proxy).
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