Post by Savage97on May 26, 2023 2:45am
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Post# 35465219
King Cannabis Irwin Simon Ahead of his Game
King Cannabis Irwin Simon Ahead of his GameThis offering is not one of common stock, which triggers actual dilution of the stock shareholders own and/or trade. Other than interest payments, Tilray will not be obligated to pay back this money until 6-15-27 (four years) and the stock being issued to the institutional investors will not be convertible to common stock prior to that date unless the price moves above 130% from the price at the time of the offering, which I believe was $2.39 -/+ Therefore - no real concern here unless we do not see close to $5 before the conversion obligation date of 6-15-27.