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Posted On: 03/10/2019 9:48:20 PM
Post# of 72443
Re: Commando911 #53773
Well, shorting is how they make most of their money on that.
1. Hand the company $2 million dollars in exchange for convertable debt at $0.17.
2. Short hard.
3. Convert debt at $0.13/share
What is that? 15, 25, 35% return on $2M in a week or two. Not bad for a few day's loan.
Sox detailed it more in depth but that is why the MFO did not have to report as a large holder of shares.
1. Hand the company $2 million dollars in exchange for convertable debt at $0.17.
2. Short hard.
3. Convert debt at $0.13/share
What is that? 15, 25, 35% return on $2M in a week or two. Not bad for a few day's loan.
Sox detailed it more in depth but that is why the MFO did not have to report as a large holder of shares.
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