Replies to post #7986 on Mobilepro Corp (fka MOBL)

[gyspsy]

wrong, MOBL needed to switch the payments as out of "authorized shares" on the one they've been paying on so far.

[DesertSon]

The conversion price IMO makes no difference, because those are caps, not firm rates. Right now, the conversion is at a discount to the average of the last five daily closes, or something like that. So we ain't nowhere near having to worry about those numbers. But yeah, assuming we do zoom past .275 - a HUGE assumption - you'd want to be able to pay with shares at that higher conversion price first, thus using fewer shares, and then paying with cash if the conversion price looks too low. Of course, if we hit .275 I won't care about dilution because I'll be cashed out!

[crashman]

stockdoc68, yes they did switch the payments, which I too see as a positive, but in the filing:
"Since the last Form 8-K filed February 14, 2007 by Mobilepro, it issued on February 21, 2007 a total of 7,308,707 shares of its common stock to Cornell Capital Partners, LP to pay principal and interest due under the terms of the Seven Million Debenture"
Nevertheless, I see good things to come.