Replies to post #34913 on CurAegis Technologies Inc (fka CRGS)

[fadeaway]

Golisano must have said, ENOUGH. So they went to a loan shark. Why am I not surprised.

[overthehedge2]

The Power Up loan can convert at 65% of the share price. Am I reading it correctly that a $1M investment under those terms would currently give you 33.3M shares? If yes, there are 51.45M shares outstanding so that $1M investment would give your 39% ownership; 33.3M of 84.75M outstanding shares. If the stock drops to the ask of .0286 that conversion is 53.75M shares or 51% of the company.