Replies to post #58969 on Crednology Holding Corp (fka COHO)

[mdm92]

yeah, you might be right on that.

[mdm92]

I'm not sure who sold them or got them, just that they got converted at 50% of the lowest market value in a 20 day period :)

[webber2]

So if the note has a term of 1 year at 10% it would be beneficial for the converters to hold it almost a year and get the 10% interest on the note then sell right before the year is over but then coho would have a chance to pay it off before the conversion if they had the money, and the converters would have to sell the shares before the year is over if not paid off. Is that right ?