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Posted On: 11/17/2020 12:51:45 PM
Post# of 145871
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Re: nmbr1stckpckr #65731
Putting it another way, the deal as was initially presented to make it seem that the lender had all kinds of faith in the Company; that it was willing to lay out $28.5M with a conversion price of $10.00. The details make it clear that they are clearly concerned about the Company not making the progress it hopes to make in the next few months. Not the end of the world as it puts them in the same state of mind as most of us investors.
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