CNBX Pharmaceuticals Inc (CNBX)

[Gnarlyman]

We had this discussion before, 3i cannot hold more than 9.99% due to the blocker.
They only hold and file a 13 when they create enough shares in the O/S through their LOAN conversion dilution to the float.

So, 3i converts some to the open market then keep some to maintain their 9.99%. The rest covert to whoever will buy them over .01 for the most part. Usually its when the price organically starts to rise because they manufacture the subtle quiet period between cycles.

Either way, unless CNBX starts making money and plans to release info, the debt holder will maintain this YO-YO cycle, so just play it when able.

Based on remaining debt, 3i will convert probably 150-300M, just a guess. Could be less or more.

At least 3i hasn’t asked for another promissory note for failure to pay.