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01/10/13 11:36 AM

#27706 RE: bones33333 #27704

you don't seem to understand convertible debt. these loans were made months ago, and once the maturity date has been reached on any given tranche, the holders of the debt can convert whenever they want. it's not like "tony decided to sell more shares today". that's not how it works. please read up on convertible financing.

debt holders make money by converting at a low VWAP and selling at a higher price. that's why our chart has so many dips and bounces. case in point? what happened in mid july, where we ran from .036 to near .15... flippers play these cycles, but if the toxic debt gets eliminated the chart will look very different.

this play has always been about refinancing, and getting non-equity based (or at least non-convertible) loans to fund future growth.