Bravada International Ltd (BRAV)

[thatguy157]

In my opinion, the holder of the debt got the better end of the deal here.

What if the converted amount dropped to a lower PPS value than the original debt? That would mean that the holder did not anticipate the PPS value to drop as low. It is not a better end of the deal at that point. I do understand what your saying. But if the conversion amount is less then the original debt, that works out bad for the holder. With no increase to the OS (zero dilution and conversion) we can say that is the case here.

70% drop in market cap with no fundamental change is pretty significant with no fundamental financial catalyst for the drop to represent the loss in market cap with no new shares added to the mix. The volume that has brought this PPS down is pretty dismal to the volume that brought the PPS up with no significant financial change. The company is still growing.


Glta
Go Brav