About $25-30 million left to convert. Current conversion rate is at 0.016. So that means the outstanding will increase between 1.5 and 1.8 BILLION more shares.
So with what is now outstanding, figure about 2 billion will be outstanding when all are converted.
If there are 2 billion shares outstanding, and the price is $5/shares, then the value of this company would be $10 Billion.
For comparison, DNDN is worth about $5.7 billion, and has about 1500 employees.
This is worth about 0.20/cents, with approval ($400 Million). Approval is most likely 3 years out, so discount the value by 20% per year (which is VERY generous) and subtract the debt, and you get a value today of about 0.0874. That is about the middle of the range it has been trading in.
News 
Market Data 
Discover 
AI
