GREY:CLLZF - Post by User
Post by
leveraged1on Mar 04, 2015 10:28am
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Post# 23488061
Convert $1000 debt for 30 x 800 = 24,000 shares 41 cents
Convert $1000 debt for 30 x 800 = 24,000 shares 41 cents Note holders debt converstion ( 27 and 33 shares = average 30 shares per $1000 debt). It looks to me like $1000 debt will be converted to 30 post consolidation "new shares" so comparable to
800 X 30 = 24000 existing (pre consoliddation) shares. Which in todays market would represent $1000
divided by 240,000 = .41 cents per share.