Wednesday, September 12, 2012 9:45:45 PM
Today they purchased another 1,000,000 GYST shares at .015
Asher has been converting progressively on GYST on single days (usually sometime within the first or last week of the month they are converting). The higher the share price, the better the conversion rates got and less overall effect they had on price movement.
On GYST, it has been very minimal at exponentially higher rates (August 1st: applicable conversion price was $0.00068, August 27th: applicable conversion price was $0.00095, September 5th: applicable conversion price was $0.0038). You can see that the rates got better as the share price increased so the current agreement isn't the kind of death spiral financing you would normally see Asher do.
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