Post by
mingzhu on Mar 12, 2021 8:29am
insiders want to convert to shares before big jump
"Certain directors and officers of the Company, directly and indirectly, purchased an aggregate of 3,791,724 Subscription Receipts and $8,692,000 principal amount of Debentures pursuant to the Offering. By virtue of the participation of such insiders, the Offering constitutes a "related party transaction"
Comment by
mingzhu on Mar 12, 2021 8:42am
insiders hold 50% of debenture. they certainly do not like to convert them over $3.
Comment by
mingzhu on Mar 12, 2021 8:49am
That is why you always see over 50% debenture hloders are willing to accept shares instead of cash por interest payment. https://stockhouse.com/news/press-releases/2020/12/31/baylin-technologies-issues-common-shares-to-fund-debenture-interest