Replies to post #8321 on GeneSYS ID Inc fka GNID

[Penny Stocks 2.0]

It won't convert!!!

[HokieHead]

Simple question. Why don't you email Lorraine and ask what will be converted. We all already know, but I think you need some assistance. Let us know what you find out.

[StockMedic1]

Goes to show a little knowledge is dangerous. 1st ELOC cancelled and terminated because the way the look back and conversion feature worked, and the market discount was too dilutive and not good for the company. That was an excellent decision by her. Kodiak? Looks like that was put in place for manufacturing capital since any businessman knows with manufacturing , you are going to pay a 18 - 25% fee on the PO funding anyway - PLUS - you LOSE ALL CONTROL of your A/R's because they have to be assigned to, and collected by the lender. I am guessing you have limited experience with manufacturing lines of credit. Much different than a retail store funding floor plan. Lending source (factor) takes all of his money directly from the receivable, and gives the company its balance. Usually 60 days after receipt. This potential transaction looks to me that the company will control its own revenues and cash flow, and that this is probably just an interim financing solution for inventory - didn't need an MBA to figure that one out. Good thing is, they may never us it. Its there for the company to decide which type of financing would be better for manufacturing. Thats my guess. I know yours. Convert, slam, tank the stock, doom and gloom, bad CEO.

[Kgs68]

You do get that the $10m EPA was not replaced by the $1m EPA right?

They're mutually exclusive. Maybe the deal now is the best they could get given the market is different, I don't know, but my reco is to call Loraine to know for sure. But you won't.

But know 1 other critical fact; The terms you've recounted are true, but you didn't mention the $10m EPA was convertible going back 20 days from Put notice deliver date and the $1m EPA goes back 5.

That's a big difference in the OTCQB world and gives the Lendor much less
Range to convert at. And would be much better for RXSF

Next time try to include ALL facts, not just the ones which support your angle

[Kgs68]

You do get that the $10m EPA was not replaced by the $1m EPA right?

They're mutually exclusive. Maybe the deal now is the best they could get given the market is different, I don't know, but my reco is to call Loraine to know for sure. But you won't.

But know 1 other critical fact; The terms you've recounted are true, but you didn't mention the $10m EPA was convertible going back 20 days from Put notice deliver date and the $1m EPA goes back 5.

That's a big difference in the OTCQB world and gives the Lendor much less
Range to convert at. And would be much better for RXSF

Next time try to include ALL facts, not just the ones which support your angle

[Kgs68]

You do get that the $10m EPA was not replaced by the $1m EPA right?

They're mutually exclusive. Maybe the deal now is the best they could get given the market is different, I don't know, but my reco is to call Loraine to know for sure. But you won't.

But know 1 other critical fact; The terms you've recounted are true, but you didn't mention the $10m EPA was convertible going back 20 days from Put notice deliver date and the $1m EPA goes back 5.

That's a big difference in the OTCQB world and gives the Lendor much less
Range to convert at. And would be much better for RXSF

Next time try to include ALL facts, not just the ones which support your angle