We're talking about the fixed share price for conversion of debt into stock, or at least a floor, meaning the lowest price that a share can go when converting the debt. If there is no floor it just means the stock price could be driven down to basically nothing and the just increased A/S count of 1.25 billion shares would be completely used up to just pay for the debt, meaning full dilution of the full 1.5 billion shares, they would become part of the O/S -outstanding tradeable share count if the debt holders wanted to convert their debt to stock.
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