NYSEAM:COE - Post by User
Post by
Zorro99on Jul 07, 2014 2:04pm
121 Views
Post# 22721957
You want my opinion....
You want my opinion....Well, here it is.........
I definitely don't like the following : Convert a Minimum of 50% of the Aug 2016 Debenture to Equity
a.$13 million outstanding and maturing in Aug 2016 with interest at 9.5%
b.Convert a minimum 50% or $6.5 million by July 31, 2014
c.At the then prevailing market price of the stock
This means that on or about July 31, if the SP is around 0.03 or 0.035, there will be an additional of over 200 million shares added.
What a dilution for us commoners. I was expecting this to happen at about 0.05 or higher. The POWERS in charge want this dilution to happen as low as possible !!!!! What a RIP-OFF !!!! They appear to be making sure that the SP gets as low as possible !!!
JMHO