Well, we know the amount is limited to $2M, so it will be based on the average share price at the time they want to convert. Maybe we will get lucky and they will be greedy and hold on for a while. Then as good revenues numbers come out, the average share price could rise and they get less shares.
Quote:
No way to know how many shares will ultimately have to be issued.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.