The financing was just stupid: issuing puts shares the lowest possible VWAP. Perfect storm. Puts. Maybe some tax selling by exhausted shareholders, and big convertible note holders piling on at a very low conversion price. At least he capped the amount that the note holders can convert. Added a little more here, but financers are making out big on this. Now what about the rest of us? Time to close some of the deals in the sales pipeline, Cliff.
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