Well....hopefully we find out in 2-3 weeks when the 10k comes out on who has converted all these shares and for how much. The wording in some of these toxic deals is why I think we are seeing these .000001 trades.
Wording like.... may convert the DL Note into shares of the Company’s common stock at a conversion price equal to 75% of the lowest trading price with a 10-day look back immediately preceding the date of conversion. The Qs are full of deals like this. Some are for 85% of the lowest day trading price. So, it's kind of scary thinking about loans getting converted for 85 percent of .000001. You would make a killing just selling back at .0001.
Atleast shares at the DTC are catching up......only 2.5 billion behind now. It's been 5 billion difference for like two months....where the heck had all those shares. For those wondering the SS updates every Monday night at 10PM....atleast it has been.
So, until we stop seeing the .0000001 trades we keep spinning our wheels. Someone is converting a crap load of common shares...when does the faucet turn off, no one knows. Guess we'll see in the 10k..if the company actually tells us. I hope I'm wrong and would love for the company to prove me wrong. I'll gladly eat crow.
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