The financing company is probably pretty pissed also. It seems like OsLh was in default (not paying the debt) and then the lender tried to convert $2 million of debt into stock but the company is only worth $300,000!!
How do you get $2,000,000 back (at a nearly 50% discount) if the company is only worth $300k!?!? You don't really... They r stuck converting a little bit at a time and then selling it for whatever they can get. It must be a huge pia!
I wonder if the lender will foreclose on the hydro shop... But what would they do with it.??
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