Replies to post #15437 on Pulse Beverage Corp. (fka PLSB)

[ChinaDude]

Telestar, the TCA notes have a first mortgage on everything owned by PLSB, even down to the pens and TP. PLSB paid lethal fees and stock (I believe almost 750k for 2 OID in notes) There are too many toxic deals with too many different firms holding paper. If you look in the last filing, all the death spiral paper is 2 or 3 lowest trade days, NOT CLOSING BID, in the previous 30 days at 35-41% discount to that price. Plus the notes pay interest and most were issued at a discount to maturity value or original issue discount (OID) as it is called, SO They all could care less what PLSB does as a company as long as it trades and they have an audience to sell that paper. It's a vicious cycle and it's not typical financing from a bank or straight equity player. The financing peeps want this to go as low as it can on at least 2 days of 30 so they can convert cheap and sell on a pump or news release day like today. So today they could have sold over .003 on news and they can use the .002 trade at 40% discount or .0012 for one of the days. It's sick