At this point I think you warriors need to worry more about the real danger of bankruptcy ... soon not even the note sharks will buy them leaving waldrop with no money to survive
Well, some notes are fixed rate but those guys can probably go to court and fight it out to get a much lower rate now that pps is .10 per share. The price tanked based on other note holders so they may be able to get a better rate.
I mean as far as dilution its up to the note holders. The lower the price gets the more people are going to convert. Like I said there is about $4M in debt and pps is .10. I understand a lot of these contracts are fixed price but there could easily be an addiitonal 40 million shares printed to cover all of this debt.
I do not think 40 million will get printed but that is the high watermark we have to look to.
They have been printing 1 million shares a day this week. These shares are in extremely weak hands. Those guys just want their money back + profit. If they get what they converted at they already have a 50% profit on a 1 year note. They have no reason to keep the pps up.
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