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Replies to #44157 on lowtrade

lowtrade

11/19/14 4:53 PM

#44158 RE: Cap'n Cook #44157

There are 5 new convertible notes issued since May 2014. @ 45% to 60% discount, with 9.99% restrictions. The last; Sept, "Tangiers" note has a 10% increase to the 60% discount, if the company stock has a chill placed on it.

That's raises a real concern on my part. When a VC has concern their investment conversions may have problems with regulatory agencies and the discount was the largest, 60%.

No reported conversions yet. Doesn't mean they haven't started though.

Asher moved out Aug 13.
A/S raise from 150 mil to 500 mil June 23.

Looks dark