InvestorsHub Logo

996

09/11/09 11:30 AM

#5983 RE: ericteg #5982

@ericteg: I believe the total financing was 30+5=35 million, conversion price is $8. That would mean 4+ million extra shares if the loan ever got converted. Already outstanding 11.1 million. Then add a few extra for interest that has to be repaid and that brings us to approx. 17 million fully diluted. But I am the second to admit that I don't 100% understand these convertible debentures and how they work.... We need a financial expert here.