Exceptionally limited convertible debt under SEC r
Post# of 4942
Posted On: 05/22/2016 11:33:59 AM
Exceptionally limited convertible debt under SEC rules as note holders are affiliates - limited to 1% of outstanding shares per quarter - which equates to 18.5M per quarter per note holder.
Thats equates to a maximum of 50M per month by my calculations for the note holders of any significance - which is an insignificant quota in .000x terms.
Having looked back over all the convertible note selling days to June 2014, I believe that more than half the convertible debt shares since then have already been sold. The smaller note holders should be out and the monthly quota is more likely to be in the 20M>30M per month range.
Thats equates to a maximum of 50M per month by my calculations for the note holders of any significance - which is an insignificant quota in .000x terms.
Having looked back over all the convertible note selling days to June 2014, I believe that more than half the convertible debt shares since then have already been sold. The smaller note holders should be out and the monthly quota is more likely to be in the 20M>30M per month range.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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