Posted On: 11/20/2014 10:47:20 AM
Post# of 9964
Purely speculation but Me thinks that 6.5 million convertible back in the spring might have matured this week. Given anti-dilution terms MRIB probably had to deliver at least 30 million additional shares to cover it based on current PPS versus the contracted rate at $.01. It will be interesting to see if any further convertible debt was implemented in Q3 (MRIB fiscal Q1). Unfortunately they never state all the terms of these deals making it hard to estimate any effect and when it would take place. You could probably trade very effectively if the terms were known. Too bad.
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