I don't check often but I wanted to see what the plan was for these last notes. Near term I'm a little upset about letting them convert, however, these notes converted at over $1 per share. The seed funding came in at $.60 per share so financially I think it is still the correct decision. Now if the conversion rate was .50 i'd probably be pretty upset.
Going forward, I think I just can't wait for the last of these to be sold off now that they are converted. From here on out, with the seed funding, we should no longer have to worry about toxic notes for the California expansion. When CA labs come online and the numbers start coming out there wont be any dilution in the way to stifle the pps.
Now sure the warrants are convertible... but not easily. They are now pieces of paper that can only be sold to other Canadians and not on the OTC yet.
They are not liquid which is probably why they got such a good deal (they investors)
Now if EVIO uplists or adds additional listings in CA that changes things a bit, but for now I believe dilution from the seed funding is a non-issue at this time.
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