Yeah, that's what I originally calculated, it will put the shares outstanding at 18 million if all of those notes convert in the next year. That will drop stock value obviously more shares = less per share.
But I also saw MP value jumped from 50 million to 210 million in two months time.
So assuming 1 year out OS increase to 18 million, with current value it will drop the stock by more than half. But, we don't know what value MP will be in a year.
If MP continue to grown with 4 million members by next August, that's 200x of 20k members they started with in mid August this year. Lol, so the question is does value growth outweigh the dilution? You do the math.
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