InvestorsHub Logo
icon url

JoshTaeger

10/16/19 1:24 PM

#1454 RE: Werbe #1453

Lowest trade in last 20 days was 0.0081. Platinum gets shares at 60% of low, so that's 0.0049. That means the $60K note gets Platinum 12.2 MILLION SHARES if they already converted. BUT, Platinum is limited to 4.99% of outstanding shares, so that's 3.3 MILLION SHARES at a time. Still, at the current daily trading volume, that's a lot of shares that can be sold into the market and still make Platinum close to double its investment.