Replies to post #38081 on Ubiquitech Software Corp (UBQU)

[Wingus37]

So the new notes from last fins are convertible @ what price?

At the time issued stock price was much higher then current PPS so the convertible break even for the lender will be much higher than current PPS.

Most lenders would stick to the cash option or hold till over convertible price to make a profit. Their will be more shares when the PPS is higher much like old notes being converted now, but it would be insane to have a PPS near .01 and make note convertible for .001 or current pps .006

Both you and CEO said they can get more favorable terms on debt now because of companies fin position, so it is odd to believe new debt is convertible this low.