Posted On: 09/11/2013 3:17:30 PM
Post# of 36729
SK3 had incurred the debt in 2011/2012 and during that time, I think the stock was trading at average .0005 so the conversion price of .0003 was at a discount to the then-market price as most convertible notes demand.
Only a couple of years later (NOW) when the share price is at .008 would .0003 seem like a good price. At that time, there was probably a huge risk that the note holders were never going to get paid, whether at .0003 or par .0001.
Only a couple of years later (NOW) when the share price is at .008 would .0003 seem like a good price. At that time, there was probably a huge risk that the note holders were never going to get paid, whether at .0003 or par .0001.
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