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Posted On: 05/15/2020 10:29:46 PM
Post# of 148938
Um, the anti-dilution verbiage had no qualifiers as I recall. If we dilute at a lower price, they get the lower price.
The language you're pointing to is in the event we decide to convert the debt to equity and there wasn't a dilution event. As I understand it, In the even the company chooses to convert to equity and if the re-pricing (due to dilution) is lower than the previous 20 days trading price at the time of that conversion, the investors would get the lower price.
The language you're pointing to is in the event we decide to convert the debt to equity and there wasn't a dilution event. As I understand it, In the even the company chooses to convert to equity and if the re-pricing (due to dilution) is lower than the previous 20 days trading price at the time of that conversion, the investors would get the lower price.
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