Only if they convert, but they can't all convert because there aren't enough shares outstanding for them to, which is the problem. Again, I'm a novice at this, but it seems that they if they need approval, at this point they are sort of stuck since it's not automatic...
I also see that they say 5 billion, not 3.5 billion, when did that happen?
WRONG. We are not a minority. The PIPE owns convert bonds and unless and until they convert they have NO voting rights. Between the msg bd s/h's,Blech, Pandey and Basu we have a clear majority.
If the PIPE holders convert they would have a majority but then would lose the protection of the senior security and own the same security we have. Therefore their interests would be identical to ours.
You may feel you are a minority, as you said you only own 1K dollars worth of stk. This IS a very minor psn.
BE LONG OR BE WRONGjw I get knocked down but I get up again, You're never gonna keep me down-jpl
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