Replies to post #45 on Corey Ribotsky's N.I.R. Group AJW Funds Downward S (LOSE)

[TEX]

Can you figure that?

Of course...

Can *I* figure it, right now? lol... heck, no.

For one thing, warrants bring up a whole new issue.


Anyway, we gotta stay on-topic, here

Good thread, gonna get better imo

[ListenToMe]

jw, what you should be looking for is "convertibles". ...look at this actual example.


...the discount on all outstanding convertable notes in favor of the NIR Affiliates to be reset at a 58.5% discount to the market except for the notes that are currently outstanding with a 60% discount.

So that means NIR group will get a 58.5 & 60% discount on the share price when they convert their notes to shares.