"Pursuant to the Amendment, we agreed to amend the Notes to provide that even if the we elect to make a monthly installment payment in cash, the holder will have the right to convert any portion of the Note into common stock of the Company and apply the number of shares the holder would have received had we elected to make payment in common stock."
All the more reason to buy shares on the open market, and then retire them to offset the ones that the "holder" insists on converting their cash into (as if they would, in any universe where money is the primary currency!).
I did notice that some of the "usual suspects" had gone into voluntary purdah for the past week or so, presumably to circle the wagons and get the company line after I pointed out that the monthly bloodbath could be avoided, and that existing shareholder value could be enhanced by the simple expedient of a share buy back.
After a week, I would have expected better than the rather unconvincing efforts to justify the monthly payments to the sewer rats and the extraordinary dilution proposed (from 175 million shares issued today to a proposed float of 800 million!)that have appeared on this MB and the IV MB.
As long as Biophan continue to issue new shares to the "sewer rats" you know they are working directly against the interests of the ordinary shareholder. At least if they offset these by buying on the open market they wouldn't need to dilute and request all these extra 625 million shares.
And let's be honest, they must be planning for the pps to decline by a very large amount if they think they're going to need another 625 million shares to sate the "sewer rats" with.
In the meantime the company spends $50,000, close to a monthly interest payment, to convince turkeys to vote for Thanksgiving.
What's wrong with this picture?
Voldemort2001.
Market Data 
Markets 
AI
