Replies to post #95 on Markland Technologies (fka MRKL)

[goosemeister]

good question. i'm hoping someone can answer it because i've been wondering the same thing.

[davidam]

The answer is simple. They had 7m in notes that were due on March 15th. Markland did not pay any of that amount. therefore the financiers could begin conversions of shares at a 20% discount to the current sp. They were not aloud to own more than 9.9% of the total os at anytime. they began conversions in the thirties and sold as they converted profiting the cushion . So far approx. 22m shares have been converted and sold . Ducey also got replaced and he was selling . This has driven the share price down. currently the financiers are still converting and selling but a bottom appears to have been reached. I assume this process will near an end soon and the share price will begin a recovery
aimop