GREY:BXEFF - Post by User
Post by
puma1on Dec 18, 2017 5:19pm
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Post# 27182303
convertable debt
convertable debt
the conversion terms in the debt were not drafted to hold the conversion price in th event of roll backs so the conversion jumped from $1.62 to over $ 8.00........................................................... it will never be triggered , though JS has a target darn near that trigger. .................. anyway, probably a double edged sword - means no dilution but also means they will have to cash them out at maturity.