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ada

Re: carboncopy post# 14527

Wednesday, 05/30/2012 2:08:29 PM

Wednesday, May 30, 2012 2:08:29 PM

Post# of 14708
It's somewhat clearer now after your recap and re-reading the filing. What's not in the filing of course is Redfin's ability or intention to repay the notes by the due date or let them convert to shares. The way I see it is, the current market for RFNN will not be able to bear the amount of shares needed to convert to re-pay the promissory notes without collapsing the pps.

Questions:
Is there a limit to the number of shares they can convert or is it based on the amount owed? Also, what does "terms of the note are repayment of 150% of the principal amount" mean?
Thanks

"I tremble for my country when I reflect that God is just." - Thomas Jefferson

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