Okay, I don't want anyone guessing any longer how

Okay, I don't want anyone guessing any longer how notes and conversions work. 50 mill MM which is VNDM is often used to convert notes into shares as like his brother and sister. We often refer to them as the three V's.

I am going to try to explain conversions for those that don't know.

If Peter obtains a note from a financier for lets say 20,000 and that note is not fulfilled by the end of the term it is converted into shares by the financier. Often in the contract of the note it states the financier gets a big discount on shares. When Financier converts its usually for the three lowest share price in a ten day trading period. This is why you see the small bid whacks as the MM who is converting the shares trying to get the share price as lowest as he can.

Conversion are not necessarily a bad thing during trading either. it gives us an opportunity to pick up cheapies too. Financiers often higher promo companies so they can dump their shares once they have received them, but this often takes combined effort by the financier and the company ie news.

If I am wrong on any portion of this please correct me as I am not the best person to explain this, but I think most will get what I am saying.