That's a deep discount, and it is drawn off the lowest of VWAP in the 10 prior days before the conversion request. Therefore the actual conversion discount is likely to be higher than 25 percent. Conversions are limited to five percent of OS at a clip, so I expect to see a slow bleed here.
Can you read the terms of the 3mil. loan to YP the one issued on June 2016 and tell the interest rate. If I understand well, YP is converting with 30% on the principal.
In addition to the above can you please tell us the interest expense and your opinion on whether this is deeply discounted ir not.
Please use the nore terms and not emotions and nerves