RE:RE:RE:Seeking Confirmation...So, for IB to fully convert their $1.855MM loan, that would be ~ 26.5MM shares @ 0.7 each.
Stupid question: When CD debt is converted into a share, how does that show up on the markets? Does that show as part of the traded volume, or do those new shares just "poof" into existance without a trade transaction?
munchtrade wrote: OK so I think I have it straight (although with all the amendments it's dificult to track)
There are 2 loans from Infusion:
- $1 mil private loan (basically a CD)
- $855k CD
Both have expiries on Oct 24, and they all have the same terms for share conversion. They get to convert @ 7 cents, plus they get warrants that they can exercise @ 8 cents for a period of 2 years.
So if I had to bet, I would say Sen has been selling into this run so he doesn't have to call/amend the loan. If GREENBOY's crystal ball is right, then that would be a further smokescreen to convert and sell. Good timing, eh?
I will not outline the worst case scenario here though :)
munchtrade wrote: ScotiaOne wrote: Can someone confirm that all of our current debt has been dealt with out to April 2021?
I will have to double check, but I thought the Infusion/Sen CD's were still due Oct 24.
It's the one thing still sitting in the back of my head that this price run-up is a head fake so he can convert shares.
Gimme an hour or so, I'm curious too - I'll check