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Posted On: 01/02/2021 5:37:48 PM
Post# of 36541
I posted previously about the toxic convertible death spiral notes keeping the price down.
TC and Doc (both good dudes) and others bombarded me with the fact that Joe stated that all the convertibles were bought back.
Then why are their convertible notes described in the latest 10Q (NOTE
along with this nugget?
I didn't go back and listen to the referenced conference call. But if Joe said that, he was incorrect AGAIN. And again, whether he is lying or incompetent, I don't care which it is ... either is unacceptable.
TC and Doc (both good dudes) and others bombarded me with the fact that Joe stated that all the convertibles were bought back.
Quote:
Doc: On the CC Joe said the company has no convertible notes left.
Quote:
TC: Like doc said, I recall Joe stating that all convertibles were bought back. Hope we heard it right.
Then why are their convertible notes described in the latest 10Q (NOTE
along with this nugget? Quote:
On January 24, 2019, the company entered into a note payable with an unrelated party at a percentage discount (variable) exercise price which causes the number to be converted into a number of common shares that “approach infinity”, as the underlying stock price could approach zero.
I didn't go back and listen to the referenced conference call. But if Joe said that, he was incorrect AGAIN. And again, whether he is lying or incompetent, I don't care which it is ... either is unacceptable.
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