Interesting thoughts. We all know that they are going to get more than they had and the 8-k no doubt will show that but I would like to believe the senior debt holders have patience and will not bleed the company too fast.
This new agreement shows that level of trust.
2020 is a long time. They can develop immensely before then.
Now it's really on Dan to start expanding without using the excuse of being cash strapped.
I really do wish they had more than just four million to fund operations.
Now I start to wonder if the share count will expand to pay for operations in a very controlled way once the 4 million is gone.
Where do you read that the convertible debt holders are now senior? I assume they're all equal now since it didn't say otherwise.
Would be disastrous for the little guy if those warrants move to $.16 and it would all be over for the little guy if they give more warrants to keep the $ value of the warrants the same.
Dick already has the majority of the equity of the company in a buyout. Getting warrants that cheap could undermine his position if the company is forced to split to raise more capital. But getting the warrants at the lower price/more warrants only generates so much more % ownership of ecig for him. It's a benefit to him to get cheaper warrants because it increases his upside but it also creates new risks, new barriers for future investors, and new suppression of the stock price/financial brand to investors.
I'm not 100% disagreeing with you - only saying the alternative is not totally laughable.
Despite the opposition to your comments - I think you're one of the most valuable contributors here. And have been right perhaps the most often among everyone.
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