I guess time will tell because it sure looks like something is about to take place, and being that sirg is in a steady decline it is not looking to good.
I believe that the terms state that the conversion rate is based on the Closing prices, so intraday has no bearing on the conversion prices. It is stated in Note 7 of the 10Q (starts on P 14). It was an odd trade given there was bid at .0027 and the of the trade.
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