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Gold Seeker

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Gold Seeker

Re: Seann post# 30199

Thursday, 10/04/2012 11:11:35 AM

Thursday, October 04, 2012 11:11:35 AM

Post# of 30387
Look up the term "death spiral financing". It is financing without a set conversion at the time the note is issued but converts at a future price depending upon the share price at the actual time of conversion. Not only does the Asher notes convert depending upon the current share price, he gets a 42% discount to that price. The lower the share price goes, the cheaper the notes convert hence the term "death spiral".

I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

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