Replies to post #692 on Galenfeha, Inc. (GLFH)

[tchalla]

well, they churned through faster than i expected, but not sure how the lowest conversion pps is .007. math doesn't lie. the lowest trading pps in the last 15 days is .012, so a 60% dicount on that pps is .0048 not .007. look at the historical price data. so, i don't know how they are converting at .007. and the terms do say the lowest "trading" pps and not the lowest "closing" pps. maybe they used the wrong term in their agreement and meant the lowest daily market closing price in the preceding 15 days and not trading price. the latter would include intraday lows.

[tchalla]

i always conservatively estimate 30% of trading volume over a period of time to determine the rate of conversions. it's good to know that it looks like it was closer to 50-60% of that volume, if they only have $35k left. that means, they have been pretty agressive in their conversions. there was a 180 day restriction on when they could start converting, so that $76k only became eligible for conversions in the last 2 months.

[tchalla]

they can only be done with the conversions today if there is enough volume to allow them to convert. so far, the volume is slow. you would need at least 8 mil in volume today to churn through $35k at .007, because for every seller, there has to be a buyer. it will take 5 mil shares at .007 to total $35k.