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Thursday, July 25, 2013 9:27:59 PM
Let's just say there is a total of 75,000 dollars in convertible debt. It would currently convert at just above .0001.
75,000 dollars x .0001 is 750 mil. Shares.
-There is more than 75k outstanding in CD.
-The current A/S is maxed out, leaving only only the 750mil. Increase(once effective)
-The company could only convert 75k in CD(roughly) with the pending increase in the A/S
-The higher the share price the more rom for convertible debt to be converted.
Short term, if I'm right(or even close 2 it) this should play into our hands from the current share price levels.
Gelmon is in a pickle....he has to
A) run the share price up
B) raise the A/S again before the current raise goes into effect
Better?
Snry
My opinions are just that......my opinions. Good luck to all investors/traders.
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