Never said this was 50% at conversion date. I have always said they are getting their stock at a 50% discount, as all other stockholders had to pay full price for their shares. So what YOU are saying is this family deal is NOT hurting all other stockholders due to WHEN the family got the 50% discounted price? LOL! REALLY? This is a stockholder friendly deal and NOT self serving? C'MON!
Yeah that's bullshit. The only convertible loans that convert at 50% of the PPS at ISSUE are the few remaining non-family loans. Not many of THOSE left.
all the IBEX, St. John's, and Staelin loans convert at 50% of the PPS at MATURITY.
Humar made a bad bet in 2018. Boo hoo for Humar. Nobody cares about the non-family convertible loans because they are a drop in the bucket compared to the family loans, and by "family loans" I mean Kelly, Patty, and Ricky.
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