Posted this to Tarball as why these conversions ar
Post# of 2022
(Total Views: 286)
Posted On: 10/02/2018 7:20:22 PM
Posted this to Tarball as why these conversions are good for EVIO Labs & shareholders.
We all know about the dilution and the conversions that are happening. The best thing for EVIO LABS and shareholders is they convert. In the mix of everything that 8% simple interest can add a lot of .60 shares. Take almost $6 mil x 8%= 480k a year. Now let's take the simple interest and divide accordingly. $480k/.60=800k in potential dilution per year. It is very costly to shareholders for them to hold and collect interest. This will reduce the cost significantly. Go Canada lock in them gains and let's get rid of the possibility of a couple extra million in dilution. Believe it or not this is very positive development.
https://www.newsfilecorp.com/release/32453/EV...Debentures
Convertible Debentures have a maturity date of 36 months from issuance. Simple interest shall be paid on a simple basis at a rate of 8% per annum. It shall be paid quarterly in arrears until maturity or until conversion.
The principal amount of the Debentures and any accrued interest thereon will be convertible at the option of the Investor into common shares of the Offeror (the "Conversion Shares"
at any time at a conversion price (the "Conversion Price" of US$0.60 per Conversion Share
We all know about the dilution and the conversions that are happening. The best thing for EVIO LABS and shareholders is they convert. In the mix of everything that 8% simple interest can add a lot of .60 shares. Take almost $6 mil x 8%= 480k a year. Now let's take the simple interest and divide accordingly. $480k/.60=800k in potential dilution per year. It is very costly to shareholders for them to hold and collect interest. This will reduce the cost significantly. Go Canada lock in them gains and let's get rid of the possibility of a couple extra million in dilution. Believe it or not this is very positive development.
https://www.newsfilecorp.com/release/32453/EV...Debentures
Convertible Debentures have a maturity date of 36 months from issuance. Simple interest shall be paid on a simple basis at a rate of 8% per annum. It shall be paid quarterly in arrears until maturity or until conversion.
The principal amount of the Debentures and any accrued interest thereon will be convertible at the option of the Investor into common shares of the Offeror (the "Conversion Shares"
at any time at a conversion price (the "Conversion Price" of US$0.60 per Conversion Share
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