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Trading4it

03/02/18 2:44 PM

#5405 RE: basssque #5404

OK, here's the really tough part to grasp re:outstanding warrants. If you want, look back at my posts from a few months ago I inquired about the series reported as having been exercised because the math didnt make sense. ie. the reported income from warrant conversion indicated 1.28 warrants converted. But the 10K or whatever stated the series that had been converted were the ones with the 1.60 conversion price. I was told it was a typo and that in reality it was indeed the 1.28's that had been converted NOT the 1.60's.

But the bottom line here is it's not warrant conversion's holding this down . It is the $1M Bi-monthly redemption installment payments on series C PS which are being made via handing over CS (at a 12.5% discount as well)