No offence but you may be missing something on this debt reduction. What do I know though. Just my opinion. Don't ask me to explain it wouldn't come out right. Have a great weekend.
WhThanks for your interest in ACGX and your question.
To help better explain how convertible notes work first you need to know that we don’t “sell” shares. The investor is entitled to convert their note into shares after waiting a minimum of 1 year based on a formula. Due to multiple negotiations, most of our investors/debt note holders were willing to wait between 6 and 8 years to get their money back instead of the required 1 year. The number of shares they receive are based on a formula and were issued over the entire 3 month quarter and not at any one time or at anyone one price.
We will continue to update the public via public disclosuresat I recieved
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