RE:RE:RE:RE:slow and steady increase in revenueOne more reason stock prices were going down. Convertible debt was been exercised all year leading to new shares being issued and sometimes sold off into the market. Owners of the convertible debt had a clause that increased the exercise price to 40 cents after a year. Many took advantage and exercised earlier. Not much debt left to pay down.
Of the $8,624 of convertible debentures issued in December 2017, only $3,342 remained outstanding as of October 31, 2018. As of December 12, 2018, $1,120 remain outstanding and the conversion feature of the debentures has increased from $0.19/share to $0.40/share.