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surfkast

03/16/24 10:03 AM

#234895 RE: carusso #234893

They have a ton of convertible debt and if you linkback they have an active 1 A and just issued more convertible shares.

Anvil

03/16/24 12:23 PM

#234897 RE: carusso #234893

I haven’t look real closely at the filings, but it appears to me that only the 13 billion of warrants were converted to prefshares. The number of warrants is staggering, and must go back many years. I guess many of those warrants were under water, so gave them a profitable reset. I do agree with your statement, regarding not having enough A/s to handle the warrant exercise. That should have noted by the auditors.