The notes are the converts Im referring to. PENA/SUNR/BMAK when you see them in the box its all about continental and gel the noteholders selling stock. I dont know where the company get the funds to retire the stock but its the 3rd time in the last month they have done so. Its extradinorily bullish as it sends a very clear cut signal that NO MORE SUPPLY THAT THIS STOCK WILL GO UP A LOT. IT ALSO SIGNALS REVENUE MUST BE AROUND THE CORNER. Most companies issue stock to the marketplace to raise capital so Im sure that can happen as we get ready to ramp up in August for rapimeds.There are no penalties for paying off converts early that Im aware of its a HUGE POSITIVE. My experience with little stocks are converts paid no supply then revenue follows we go up big time!!
WATCH ACTION LATE IN DAY LAST 15 MINUTES AS PENA/SUNR/BMAK WILL GENTLY REFLECT 2500 SHARES ON THE BID SEE IF THEY GET PAPER ON BID AND IF DONT WILL COME OFF BID TO SCOOP LIKE THEY DID YESTERDAY AT .209 22500 THAST WAS ON THE OFFER AT .209.
Celts answered most of your questions but two things I wanted to add. We do currently have a revenue stream from the big government contract so I'm assuming that's where the money came from and also there is a prepayment penalty however it offsets the dilutive impact on the stock so it's great to see them go this route. So why borrow in the first place? Well most of the debt you are seeing be prepaid was borrowed this year so I think they're finding that they don't need to anymore as the government contract money has started to ramp up, most of the shares we're seeing now are from notes from last year
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