Tuesday, July 29, 2008 2:33:41 PM
.... several of us discuss various dilutive financings by different financiers.
While we're used to seeing Yorkville's 20% discounts on 10-day VWAP .... we can thank our lucky stars N/I/R never got us.
Try this on for size:
"Notes bear interest at 8%, mature three years from the date of issuance, and are convertible into the Company’s common stock at any time, at the Purchasers' option, at 35% of the average of the three lowest intraday trading prices for the Common Stock for the (last) 20 trading days
That's a 65% discount to the lowest intraday
So hey .. we've got it great lol
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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