Sproutly Canada Inc C.SPR

Seeking Confirmation...

[ScotiaOne]

Can someone confirm that all of our current debt has been dealt with out to April 2021?

[munchtrade]

I will have to double check, but I thought the Infusion/Sen CD's were still due Oct 24. It's the one thing still sitting in the back of my head that this price run-up is a head fake so he can convert shares. Gimme an hour or so, I'm curious too - I'll check

[munchtrade]

OK so I think I have it straight (although with all the amendments it's dificult to track) There are 2 loans from Infusion: $1 mil private loan (basically a CD) $855k CD Both have expiries on Oct 24, and they all have the same terms for share conversion. They get to convert @ 7 cents, plus they get warrants that they can exercise @ 8 cents for a period of 2 years. So if I had to

[Zookie]

So, for IB to fully convert their $1.855MM loan, that would be ~ 26.5MM shares @ 0.7 each. Stupid question:  When CD debt is converted into a share, how does that show up on the markets?  Does that show as part of the traded volume, or do those new shares just "poof" into existance without a trade transaction?

[munchtrade]

I don't think it shows up in real time. It would get reported after the fact in a filing and also may be reported in the following Q report. A good example of the conversion filings are the ones on Sedar for MMCAP when they liquidated some of the debt earlier this year. Yeah that 26.M shares is quite a lot. It's possible he converts all to shares but only liquidates to an extent that