There were nearly 300 million on 2’s or atleast what was showing.
By my calculation after two days of 37 million share trades which I believe were power up converting about $4-6000 worth of their $33,000 note leaving about $23,000 left or about 160 million more shares that will either get absorbed at 2’s or 3’s or on the next bump up.
In ANY case they seem to only be able to convert about 37 million a day so odds are good there won’t be some massive dump into 2’s done by their conversions.
If I’m right anyways.
But STILL need solid info on that judgement being settled and some sort of real and legitimate acquisition news.
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