CNBX Pharmaceuticals Inc (CNBX)

[DarthYoda]

At .0003, the main convertible debt would convert into like 4-5 BILLION shares. So, they have to get the price up to at least the .00312 for it to only convert into the 500+million shares listed as the "potential shares to be issued upon conversion" in the Management Certification document. That amount of Shares Outstanding will still fit within their 1.8Billion Authorized Shares. 4-5Billion shares won't fit.
If there were ever a need for a company to put out some news and set up a ten bagger, I would think this would be it. Like I said though, they could just get another forbearance, or refi the debt, or who knows what. They could just increase their Authorized Shares. They have done a reverse split in the past(1:120 in 2022), but I don't see them doing one now for just a $1mil+ debt, especially if they have $7.7mil cash. Maybe someone else on the board has a better idea as to how it will all go.