RE:RE:RE:RE:RE:RE:RE:RE:SPR gets $1mm loanHawkII wrote: SmileyCat wrote: Dr. Sen just put a million dollar bet on himself! And it’s secured. He’s the man...
LOL- clearly you dont know what secured means. Forgot to mention that the convertible structure is way off market in addition to secured/unsecuree. Typically, conversion price is +5-10% above where stock was trading, warrant price is +20-25% above where stock was trading and a half warrant issued. In this case conversion price at mkt, warrant price only 1cent higher and a full warrant. You cheerleaders have once again been had. This is exactly why institutional ownership will be limited. Gotta think MH cant be happy with this, but i could be wrong.
Blah blah blah... regurgitated useless figures. Nothing but Hawk Sqawk. Do you really believe Sen will cash in on the warrants if it adversely affects his companies. This is an insider loan with greater interests. This is not an attempt to turn a quick buck. Cheerleaders you say? But what do you call non investors that bash a stock day in and day out with no shares to show? I would have to say pathetic is a good choice?