Replies to post #30199 on BioCurex, Inc.(fka BOCX)

[Gold Seeker]

Look up the term "death spiral financing". It is financing without a set conversion at the time the note is issued but converts at a future price depending upon the share price at the actual time of conversion. Not only does the Asher notes convert depending upon the current share price, he gets a 42% discount to that price. The lower the share price goes, the cheaper the notes convert hence the term "death spiral".