Mighty, that is a great piece! Thanks for sharing. Just goes to show you prove my point in posting. The stock is only down 90% from Jan 2017 when the company's exquisite management team put out the piece. Thanks for sharing once again. And BTW, why do you purposely try to mislead and spout falsities to people on the thread and say it is not toxic? The financing clearly makes this TOXIC: Straight from NASDAQ. Sucks to be backed into a corner doesn't it?
Toxic Convertible Definition: Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as death spiral convertibles or floorless convertibles.
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