RE:Debenture conversion 4,7 mil debentures re Menlo
Any of those shares that can be sold > .147 ea adds to the payoff of $4.7M. Downside protection was provided to debenture holders.
$4.7M / 32,025,800 shs = .146756677 per share
TOTAL shares sold - since conversion 02 Jul 6.9M...so I take that to be that there is more downside on share price to come.. at least until that $4.7M is repaid.. with potential free trading shares after that.
I know nothing. just trying to apply logic to price movement downwards from .75 to .435. Lack of liquity doesn't help dump 32M shares without pushing the share price down pretty hard.