1847 Holdings LLC (EFSH)

[John_Vallay]

You should do your own due diligence by reading all SEC filings by EFSH. Making a decision based on my post is not the way to make investment decisions.

There have been a number of filings by EFSH regarding the Mast Hill convertible note, but here is one paragraph that shows a 20% discount to market:

The Note is convertible into common shares at the option of the Purchaser at any time on or following the date that an event of default (as defined in the Note) occurs under the Note at a conversion price equal the lower of (i) $4.20 (subject to adjustments) and (ii) 80% of the lowest volume weighted average price of the Company’s common shares on any trading day during the five (5) trading days prior to the conversion date; provided that such conversion price shall not be less than $0.03 (subject to adjustments).

Like any convertible notes, there are a number of stipulations and different discounts to market.

They also have warrants issued to Mast Hill which impact the share price or issuance of shares at a discount to market.

Bottom line is that everyone should do their own due diligence and read the SEC filings in their entirety, and under no circumstances take my wording and posts as being 100% accurate.

It must also be noted that EFSH did another capital raise this month. They issued a press release on July 14 and I do not know the terms of that deal so it would be important to get those details before making an investment decision.

In the last 10Q filed May 16 it shows EFSH has $24.8 million in convertible notes. I do not know all those details to repayment or issuance of shares and at what discounts to market price.