With their conversion rate being 51% of the lowest three trading prices from the 10 previous trading days, I would have to say their financing is pretty darn toxic! Remember, they can convert as early as 180 days after the notes are issued! What a joke!!!
convertible into common stock of the Company at the option of the holder at a conversion rate equal to 51% of the average of the lowest three closing trading prices of the Company’s common stock during the ten trading days immediately preceding the conversion date.
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