I suspect more dilution will occur to pay off this short term loan. So on May 15th we will owe between $420,000 and $600,000. At .05 this is from 8.4 to 12 million shares. These shares will be dumped on the market in 7 days after received which will drive the share price down. According to an option in the note the proceeds from the sale of these shares will still leave AAGH owing money on the loan. When you don't have cash everyone has to pitch in some cash (PPS) to pay the bills; except for Mak whose preferred shares are not dilutible. JMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.