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buysellrepeat

08/19/19 4:21 PM

#6200 RE: MightySam #6199

Just skimming it but looks bad sadly

nsomniyak

08/20/19 10:24 AM

#6368 RE: MightySam #6199

Per Note 7 in the 10-Q

It looks like the balance of the convertible notes due is around $3.4MM. Of that around $2MM is not toxic, and in fact would convert at $1 per share (we wish). That still leaves $1.4MM in notes which are highly toxic, most convertible at a 40% discount. The company does seem to be paying the most toxic notes off first.