Replies to post #18457 on Resonate Blends Inc (KOAN)

[Homebrew]

TXTM's more like a circus clown car.

$TXHD is a stinky pinky with a CEO that goes auditor shopping and has toxic convertible debt at $0.000125 fixed.

While a car drives from A to B, it's not really an apples-to-apples comparison to compare a Rolls Royce to a broken old Ford that needs plenty of repair work.

[Cody6]

I don't usually post but I think I know the likely reason they converted to a fixed conversion price. I'm not an auditor but I have worked with auditors on this particular issue. I believe that a variable conversion price requires them to record a derivative liability on the balance sheet, but not if the conversion price is fixed.

[hunterj20]

Ouch...