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Monday, December 18, 2023 4:36:19 PM
They have 500m ECPL shares to play with. What's a few million shares between friends?
$33k in notes to pay off in ECPL shares today is 1m shares depending on how a conversation works.
I'm sure they don't want to piss off any of those guys. They were behind them and stepped up.
Note holders would want the price as low as possible at conversion, managent and the rest of us would love to have this as high as possible.
I'd give them a new class of preferred shares off the bat, and warrants of common shares at some crazy low price down the road.
Hard to say. The sky's the limit.
I don't know enough about the two entities. We should get a good amount of news from it. And it should all be viewed as great news for everyone.,
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