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Friday, 01/26/2024 11:20:57 AM

Friday, January 26, 2024 11:20:57 AM

Post# of 52886
M2B will not convert the principal into shares during the next 12 months unless it is seeking to maximize gains from a pre-payment. I fully expect them to convert the 6 month instantly accrued interest payment into ~4 million unrestricted shares at the earliest possible date. With the Kickers, OS mathematically rises to a 180 million unrestricted share constant for the next 6 months.
In the event of pre-payment, the Beneficial Ownership Limitation of 4.99% caps conversion at 10 million shares (counting restricted shares for Yukon et al). ...Worst case OS is then 210 million
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