Hard to say what the terms of the conversion are.
Post# of 96879
Posted On: 12/07/2015 3:42:30 PM
Re: Sitting Bull #42898
Hard to say what the terms of the conversion are.
Best I can suggest is for us to trade 100 share blocks at the end of the day at the ask.
If the debt is 2,000,000 and the conversion allows 600,000,000 shares, then the strike price is .0033333 per share.
I think we want to keep it from reaching that number. Maybe it's just psychological for me.
Any experts here on convertible debt? There must be a trigger? Is it just elective by the choice of the lender? It is hard to accept that, because it seems like a punitive or lender''s protective feature. Is my math right?
Alan??
Paul
Best I can suggest is for us to trade 100 share blocks at the end of the day at the ask.
If the debt is 2,000,000 and the conversion allows 600,000,000 shares, then the strike price is .0033333 per share.
I think we want to keep it from reaching that number. Maybe it's just psychological for me.
Any experts here on convertible debt? There must be a trigger? Is it just elective by the choice of the lender? It is hard to accept that, because it seems like a punitive or lender''s protective feature. Is my math right?
Alan??
Paul
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