Posted On: 06/21/2016 4:36:37 PM
Post# of 15187
Wish I were a lawyer so I could have greater insight into the legal matters of the case. The whole purpose of toxic lenders is to convert shares at a discount to reap high profits at the cost of current shareholders. If the toxic lenders were in it to earn just 8% annual interest and partner with the company then converting the note plus 8% interest is legit. But causing harm by imposing sky high pre payment penalties when a company wants to pay cash is crazy. Then if the company doesn't pay cash at the crazy high prepayment penalties the toxic lender converts at a steep discount to the current market price insuring a quick profit beyond the principal note issued. All my thoughts of course.
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