Replies to post #7382 on Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[BigGreen101]

IMO the debentures were converted to common stock. That was the general trend given from the last 10Q.

As for the warrents - they would expire. Why would Pope pay $8.00/share when the PPS is at roughly $6. They appear to be converting at $8 for the debentures. I think they are trying to get out of JGBO, since the money float out of China is restricted. Thus, the only way they are getting money is by taking a lose on the conversion. However, do not cry to Pope because they are getting another $5M for all the late charges due to non-payments. Thus, IMO, Pope is dumping.

The next big set of warrants expires in like 2.5 years. Thus, Pope has time before deciding what to do with these potential shares. If the market and JGBO improves, then we might see more selling down the road.

Cheers