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Trek95

04/05/22 10:46 PM

#60347 RE: Ace1978 #60346

On the 2 million Discover has given them in the last year, yes, equivalent value at .01.

But on this 1 million, it's a promissory note, due April 1st next year.

Back to the dirty word again,;-) An RS affects everything that is outstanding with the company that they owe and shares that can be converted at .xxx price, would be my guess... it doesn't make sense any other way, because then that would breach contractual obligations.