Post by
bruloil on Mar 20, 2023 3:25pm
Conversion notes 10% to share at 1.33$
mralberta
Do I read correctly: Armoyan & Mathison had converted a 10% note to CFW shares at 1.33$ while the market value was around $7. If so, a 43M$,note was converted into 249M$ value in shares as november 22 2022?
If so it would be scandalous.
What Is I do not undertsand?
Comment by
Danzel88 on May 19, 2023 9:15pm
I am quite sure this is exactly what happened. 99% sure. It was scandalous but legal with how they carefully structured the re-finance. Basically screwed everyone over except for themselves (Wilks, shareholders, etc )