Risk: LOL. I knew we would get closer to 10B is short order. Add in OS and the NEW NUMBER IS 9.5B! On 5B authorized! Just a little bit more and we exceed GE as the largest share count anywhere.
Clearly, YA has no idea what it is doing. They are giving away their shareholders money for free.
What the spreadsheet doesn't show, and my spreadsheet does show, is that the actual conversion price is on a daily basis.
YA vs. NANTWORKS? Could Dr. Pat take control of this debt and patents by buying this debt for $44M based on your example? What would be value of this company upon complete conversion? Would the Dr. then control voting shares? Value of patents undetermined? What would PPS be upon conversion?