Some folks would question how it would be possible to profit from the sale of so many shares at so low a price.
But it is possible if there is a provision in the deal allowing for what is called a floorless conversion.
Since the shares sold were worth at the time of the conversion about one half the market price that day, it means the debt holders made about 0.00015 cents a share profit.
Not much you ask?
Do the multiplication and it results in enough money to purchase some mighty fancy luxury items.
This catv stock is a good example of how this board and others may help or hurt penny investors. (I will prolly be buying this stock tomorrow morning). I read from Friday that a George Sharp is the reason this stock dropped. HE is another person who is "helping penny traders". wonder how he helped the ones who lost 50% of their money Friday? I don't know what this stock is going to do, I never do know for sure what a stock will do. this may be trading @ .0001 a week from now and you will be justified, but what do you tell the ones that lost money from Friday when catv is trading @ .0025 a week or 2 from now? a lot of these penny stocks make massive moves, and I would suppose your team is bashing them as they trend upward.