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Millstone

03/30/15 12:32 PM

#59469 RE: nandipomadagascar #59466

There is a misconception that a lower share price gets the convertible noteholders more shares. Not anymore, since the conversion prices are now fixed. The price of .45 on the warrants and .75 on the shares are the fixed exchange prices. Not "toxic" converts, but not a walk in the park either.