Welcome to the board. They have about 2.7 milli
Post# of 230
Posted On: 01/19/2016 6:59:12 PM
Welcome to the board.
They have about 2.7 million in debt that can convert. Blackridge was about 1% of that (around 28 thousand dollars).
I think they have a decent chance of hedging off the conversions because the convertibles debt companies know that if they really convert 50 billion plus shares the stock will just go to no bid and they won't get their money.
So they will have incentive to talk to COWI. I also think that with the revenue increasing CoroWare will have some money to spend doing that.
They already announced plans to buy back 500 thousand dollars worth of their own stock as well. That tells me they believe their financial future is going to be better. I expect to see announcements of similar agreements with other debt holder in the coming months.
They have about 2.7 million in debt that can convert. Blackridge was about 1% of that (around 28 thousand dollars).
I think they have a decent chance of hedging off the conversions because the convertibles debt companies know that if they really convert 50 billion plus shares the stock will just go to no bid and they won't get their money.
So they will have incentive to talk to COWI. I also think that with the revenue increasing CoroWare will have some money to spend doing that.
They already announced plans to buy back 500 thousand dollars worth of their own stock as well. That tells me they believe their financial future is going to be better. I expect to see announcements of similar agreements with other debt holder in the coming months.
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