Wednesday, June 21, 2023 9:59:07 AM
There could always be noteholders or former noteholders out there who got their conversions and are looking to sell.
A big factor in the share price going forward will be what happens with the $4.9 million in notes that are in default and for which the holders recently demanded to be converted to shares. If Marc can get those due dates retroactively extended then that will buy time for the share price to run up but if not and those notes are converted, that's a lot of shares which could put downward pressure on the share price.
I'm not trying to predict what will happen with the share price because there are a lot of factors obviously but a big overhang of converted notes could definitely keep the ask side healthy.
A big factor in the share price going forward will be what happens with the $4.9 million in notes that are in default and for which the holders recently demanded to be converted to shares. If Marc can get those due dates retroactively extended then that will buy time for the share price to run up but if not and those notes are converted, that's a lot of shares which could put downward pressure on the share price.
I'm not trying to predict what will happen with the share price because there are a lot of factors obviously but a big overhang of converted notes could definitely keep the ask side healthy.
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