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TenKay

09/21/18 2:08 PM

#2208 RE: a surfer #2207

That “maturity default” language is a clever distraction from the floorless discount that will actually be used for the conversions.

The maturity default basically kicks in AUTOMATICALLY when the note is NOT repaid in full by the six month maturity date.

There will be NO conversions before the six month point as the stock would not be free trading. So the $0.08 number is meaningless.