Replies to post #11610 on Sanomedics International Holdings Inc. (fka SIMH)

[DaReal]

The discount is even higher than 35%
if you go by the closing price.

Per the Contracts they are using the VWAP

All principal and accrued interest on the Debentures is convertible into shares of the Company’s common stock at the election of the holder thereof at any time at a conversion price equal to 65% of the lowest traded volume weighted average price (“VWAP”) during the 10 trading days prior to conversion.

Imo the Discount will be likely in the reach of 50-60% if not higher...

But yeas to keep it simple go with the 35% ;-)