Replies to post #42745 on Bantek Inc (BANT)

[Sprycel]

Last CD for $54,000 can convert on Sept 15th. The conversion price is at a 35% discount to the lowest bid during the 15 days PRIOR to the conversion. That makes it Sept 1st. ie. if the lowest Bid is 005 then the conversion price for the shares will be .00325 per share. Now if they buy off the CD before Sept 15th, then all bets are off and this screams up to about .10 per share. With profits I just made else where today, I may just offer to buy it and I can set up my own company friendly conversion CD. Got it now?