So answer me this. How would it stop if the shares have already converted for the loans and notes. Remember those shares are discounted
So say a 300k loan converted … probably for .0012 or something like that … that’s 250 mil in converted shares. And that’s just one loan. Unless st3 bought them back (paid off the loans) or refinanced then with new terms (both doubtful this time) how does dilution stop.
Only thing that can stop this is st3 actually executing on something. Timing is essential. I said this all through last year, December the notes and preferred convert and this is (imo) what we are seeing here.