Replies to post #17923 on Ironclad Encryption Corp. (fka IRNC)

[Sean Portman]

Their debt must be taken into account when considering the r/s ratio. Because the r/s must be enough to cover issuing the notes. A lot more to it than that. If the ratio is 1:4000-7500, then the pps will be high enough to handle the issuance. They might be able to drop the a/s to 10b or 5b at the same time. Still fond of the tech, just not company.