Replies to post #10781 on Deltron Inc (DTRO)

[EarnestDD]

IR is WRONG again. He really should read the financials.
The Conversion Price is at a 70% discount Not a 30% discount.
Conversion price is 30% x average bid price = a 70% discount.

IR used to be a broker??? And he can't understand basic conversion rates???
jmo
This from IR

The terms are that the note holder can convert anytime after 6 months with a 30% discount.

And this from the Notes to the F/S

The Conversion Price shall be equal to 30% multiplied by the Variable Conversion Rate which is
equal to the average of the three (3) lowest closing bid prices of the Common Stock during the
ten (10) trading day period prior to the date of conversion.