AI
Friday, February 15, 2013 2:52:25 PM
wouldn't it be fun to be a fly on the wall? just hypothetically, imagine a conference call between ironridge, asher, and ventana group.
ventana might explain to them that they had to convert here to erase the remaining bits of convertible debt, so the $8.5M could fund.
remember, ironridge only was owed $1.1M back in 9/30/12... months ago. and there have been quite a few conversions since then.
do the math! just pull out a calculator real quick, estimate the VWAP, and add up the shares issued.
ironridge may be all out. if so... wow..!! JMHO!
and... i DO think we're at the dead bottom before liftoff.
ventana might explain to them that they had to convert here to erase the remaining bits of convertible debt, so the $8.5M could fund.
remember, ironridge only was owed $1.1M back in 9/30/12... months ago. and there have been quite a few conversions since then.
do the math! just pull out a calculator real quick, estimate the VWAP, and add up the shares issued.
ironridge may be all out. if so... wow..!! JMHO!
and... i DO think we're at the dead bottom before liftoff.
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