RE:RE:RE:RE:VWAP $7.88 Day 78 Capital can convert at any time at $5.42 per share and OGI can force them to convert if the share price is over $7.05 for 10 consecutive days. It is in 8 Capitals best interest to keep the debt becasue they mainatin the upside potential but have not downside risk. OGI will likely force the convertion because they can stop paying the 6% interest sooner and they know the debt will be converted by 8 capital at some point.
As far as selling pressure goes that really depends on 8 capitals plans, they will have 18.5 million shares, if they decide to sell them all in a short period of time then yes it will create downward pressue. I assume they will want to maximixe the returns and try to sell slowly over an extended period of time na dpossible could keep shares as long term investment as well.