Which dudes ?
And what is it you are smoking that makes you think NIR getting more money for a share they sell... has any impact on ECMH or their business ? A higher share price means more money going to NIR as they milk the market... and that's it. More money going to NIR... doesn't appear to have any connection to any benefit for the company, or any benefit for investors...
You think NIR are "investors" betting on the business succeeding rather than the typical convertible note scammers, who really couldn't care less what the business does, save that it is good for NIR an no one else if they pump the share price with news ? The REASON convertible notes ARE a scam, is that they succeed in detaching shares, through a lack of limits in share issuance, from value... meaning it doesn't really matter what the company performance is, relative to there being any rational connection between performance and "paying off the debt"...
The debt doesn't GET paid off... ever... which is the point.
So, the proof that leaves you needing to supply to show that ECMH is any different than any other "death spiral" financing scam, is showing either
1. that the terms in the note do have some limit that prevents the "bottomless pit" from being bottomless... so that company performance will be reflected in share prices in a way that allows the debt to be repaid... even while the financiers work at manipulating the market to prevent that from happening... or...
2. that they have otherwise crafted an alternative method of exiting from the "death spiral" financing deal that they clearly ARE wrapped up in right now...
You say... "these dudes don't think that way"... and I think that is most likely total BS... and to the degree it isn't, it doesn't matter.
As an investor who clearly is AWARE of how death spiral financing works... ya ain't close...
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