You mean FLOORLESS WITH A CAP OF 4.9% of the Company's outstanding common stock..
With a share count of 650 million that means they could convert 31.85 million shares today and immediately sell them. The next day they could convert 4.9% of (650 million + 31.85 million) or 33.41 million shares.
Day 1 31.85 million Day 2 33.41 million Day 3 35.05 million Day 4 36.76 million Day 5 38.57 million Day 6 40.45 million
keep in mind, there are many ways around that 4.9%...as I'm sure you know
for example, as I understand it from past stocks, they can HOLD 4.9% daily...they can also SELL 4.9% daily...and then reload the following day...the only key is that they can only HOLD 4.9% at once
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