Obviously I wasn't actually challenging your confi
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Posted On: 02/01/2019 12:12:42 PM
Obviously I wasn't actually challenging your confidence; I think you've definitely proven that. I was pointing out the inconsistency in the thought which is simply that if the company were to have enough cash to redeem the outstanding convertibles, it seems rather unlikely that the share price would still be below the $0.12 that most convert at. Or, maybe it's me that's too optimistic?
The dilution likely isn't going away. Frankly, I'm encouraged by the fact the we haven't seen a proxy asking to increase the a/s. I'm hoping that means they are self-financing now through the progress payments/deposits/etc. The last 10-K would suggest that they are right up against the 750M.
The dilution likely isn't going away. Frankly, I'm encouraged by the fact the we haven't seen a proxy asking to increase the a/s. I'm hoping that means they are self-financing now through the progress payments/deposits/etc. The last 10-K would suggest that they are right up against the 750M.
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