RE:RE:RE:RE:RE:LOL shares for interest OK I will respond to vendetta unicorn. Imagine this scenario playing out....
A company raises a million dollars at 5 cents. A few weeks later one of your debt holders comes to you and asks for their principal loan to be paid back through the convertible debentures that have been pre negotiated at 6 cents, thus, lowering the convertible debt. With the conversion the triggering of an interest payment of 8 grand comes due for that debt holder. The debt holder then agrees to take that 8 grand payment in shares at 9 cents (that's 80% higher). What would you do?
I'd have to question the math skills of anyone that didn't understand this transaction. If Sproutly paid this interest with cash they would be using funds raised at 5 cents to pay off $8,000 that is being raised at 9 cents through this transaction.
When cash is paramount and the transition into a product producing company, this type of deal is a preservation of cash and assets that proves Sproutly knows that 9 is higher than 5.