RE:150 million kumutwist wrote: Toxic shares dumping at a conversion price of .017c the decimation is close and is headed to 2c in the coming weeks
At least get your facts straight Kumutwist....lol Its 90,882,667 shares and they are vested !! Why would they dump them when they paid $0.81 per share on converting the debenture? Think about that :)
Imperial has converted (the "Conversion") (i) $121.9 million of the principal amount outstanding under the Debenture at an exercise price of $0.81 for 150,433,450 common shares in the capital of the Company ("Shares"), and (ii) $1.56 million of accrued interest under the Debenture into 90,882,667 Shares at a price of $0.017 (the "Interest Conversion Price"), resulting in Imperial holding an equity position in the Company of approximately 19.8%.
If you feel that way then please sell me your shares :)