GREY:QSLRF - Post by User
Post by
mercurysmithon Oct 15, 2014 8:03pm
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Post# 23032103
Convertible Debentures
Convertible DebenturesToday's n/r is that the $2M from convertable debentures (10% interest) now have a conversion rate of .35 (as opposed to the earlier .50).
The private placement of the 5M shares is now postponed indefinitely.
Hopefully this has already been built into the current s/p because it was very predictable over the last month that the earlier proposed equity financing wasn't going to happen given the current open market s/p led by anonymous.
https://www.stockhouse.com/news/press-releases/2014/10/15/qsolar-amends-non-brokered-convertible-debenture-offering-and-postpones-unit