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Re: None

Tuesday, 09/17/2013 6:21:27 PM

Tuesday, September 17, 2013 6:21:27 PM

Post# of 92285
Your 1000% wrong long. I called and spoke with IR. The B warrants were forced into conversion. They do not have to convert at higher prices. You need to go do some home work since you know little about how financing works. Convertible debt agreements can and are often changed to meet the needs of the various parties. This was not an unwilling force, as it cannot be. It was agreed upon by both parties. They lowered the pricing of the conversion to around $.05 per Jody in IR and you would know this if you would JUST CALL IR. It gets a little humorous when you wanna be investors/trader types start quoting false statements. As I told you before, do the board a favor and stop posting things you know nothing about. In my defense/as far as my understanding of the original pricing of the warrant conversion, this was not your typical deal as per even Jody said in IR. They don't typically take months to receive comment from the SEC which effectively helped to walk down the current price which impacted the conversion price. In my world we received preferential pricing and didn't walk our stock price down to benefit our lenders as in this case which is exactly what happened. Desperate borrowing for survival. If you actually knew what you were talking about then you would know that the increased volume and the specific market makers point to selling from the toxic holders, the B warrant holders.
Takeachance the expiration of the B warrant holders is meaningless since the conversion already occurred. They have converted and are selling.