Thanks investo7; just that on Cornell deals with
other companies, Cornell will offer the standard 'Standby Agreement' for $10M, $15M or however much was negotiatied; BUT along with that agreement, Cornell can get a small amount of CD's as part of the package, say a $1,000,000 CD with language that states they can convert at the average lowest intra-day bid price of the 20 days previous to the conversion date. Hypothetically, this gives them a reason to establish as low an intraday price as possible. If this stock breaks .02, and hits .01 three times over the next week, and IF they have this CD as part of the agreement, it means they could convert a, say, $1,000,000 CD into 100M shares. Which means massive dumping on a subsequent rally by Cornell. This is outside the company's willingness to draw down on the standby equity, ie: whether they take the money or not. That is why I am interested in the details, to see if CD's were part of the standby agreement negotiation. It has been in numerable Cornell deals in the past.
All the above in my humble opinion and pure conjecture, of course.
