What part of this financing agreement feels like a "floorless convertible"? The fact that it is limited? The fact that the agreement calls for the funding to be repaid in cash with stock issuance as an option? That KBLB has the right to repay early, in cash?
It's important to be able to differentiate vs trying to use broad language and apply it to every situation.
Details matter. For instance, KBLB has a signed contract and a joint venture. They are expanding with the funds secured, have increased production schedules, secured materials to support expansion and announced hiring.
This is not your parent's death spiral from the 90s. Of course, if that is a concern, there is always the option to stop investing in and following the company.
LMAO
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