Posted On: 05/04/2016 3:59:25 PM
Post# of 144655
$PNOW The Company will have eliminated nearly 100% of the perceived toxic convertible debt held by the 14 debtholders targeted by the debt repurchase program, while raising enough long-term capital to both accomplish this task while expanding its operations.
According to company blogs and press releases, this achievement ultimately translates into:
• Millions of Dollars in derivative liability eliminated from the books
• Billions of shares in possible dilution eliminated from the cap table
• A significantly less required increase to the authorized share count in order to adhere to its contractual obligations
According to company blogs and press releases, this achievement ultimately translates into:
• Millions of Dollars in derivative liability eliminated from the books
• Billions of shares in possible dilution eliminated from the cap table
• A significantly less required increase to the authorized share count in order to adhere to its contractual obligations
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