Replies to post #18681 on Livewire Ergogenics Inc (LVVV)

[Drugdoctor]

It's done... as I said... can you add 180 days to Feb 19th? Conversion was in August.... All done...

[Jason Coombs]

$78,500 divided by $0.01 conversion = 7,850,000 shares

Assuming Asher sells short at average of $0.08 per share, $628,000 comes in and the short is covered with the conversion later at a cost of $78,500 for a net profit (roughly, not including the 8% interest) of $549,500 which isn't bad for Asher. If this educated guess is correct, then the volume is over and done with because no buying to cover at market ever happens.

One wonders whether the market should be paying half a million dollars to Asher just so LVVV can manufacture and sell $100K of product. That's a very, very high cost of capital. Obscene even...