Replies to post #9276 on Sanomedics International Holdings Inc. (fka SIMH)

[DaReal]

If i read the Contract correctly, the Note holders can't hold more than 4.99% of the number of shares of Common Stock outstanding. So they keep adding after selling. Since the O/S is increasing daily and the conversion price keeps dropping they will add more and more shares.
The higher the O/S the more they can convert at once. Since they are converting at a premium they can sell it down here and again at an even lower price and cont to sell.

BTW does anybody has the current O/S?

[mofran]

Yes but in the meantime they stop the movement ....and anyone that might be thinking of jumping in doesn't unless they don't have l2