Post by
tinymanipulator on Jan 26, 2018 7:27pm
Convertable loan
Did you see company need to pay 10% interest annually to the debt holder. Though the business with high margine. Still such 10% rate is huge . I think it won't last long. Once the SP can stand on 1.20 for 20days. It will be converted to shares. Then company no longer need to pay interest. So in order to help comany keep more profit and grow business. Push the debt to convert to shares is a win win way.
Comment by
tinymanipulator on Jan 26, 2018 9:12pm
Jan 10 eat proposed 10million dollar debenture. 10% interest within 3 years annually. Convertable to 16.67 million shares after 3 years or SP above 1.20 for 20 days. Debt holder get total 16.67 million bonus warrants as well which can execute at 0.70 any time within 3 years.