Replies to post #4686 on Finjan Holdings Inc (FNJN)

[Ecomike]

Next stop another R/S of the week, LOL, or .0001 share just around the corner!!!!

That is really CS (probably illegal) that they withheld info all this time that so much convertible debt had not already been converted BEFORE the R/S! That is criminal in my book! Can't help but wonder if the banksters have a gun to Ed's head, or if they are paying him on the side to rig the game!!!!

SEC, Justice department, are you watching this crime in action here?

Thought not.

Anyway, no doubt that finally admitting there is so much debt left to convert, that was not subjected to the reverse split, and not in the stock structure yet, collapsed the price yet again. History repeats itself here, in the same year, so sad! Oh, and they need to get rid of the CEO too, like I have been saying for some time now.

[hondaboost]

tao, thanks for the info. Now, I don't understand this:
the convertible holders convert the debts into common shares, then they sell the shares at such low levels? Do they take losses to sell? Why not sell at higher prices?

Anybody could tell, please? Thanks.

[hondaboost]

$750,000 was converted at $0.10 to make its S/O to 23.5 m from 14 m.