Yeah, OS and held at DTC up 400k, which is very li
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Posted On: 06/12/2019 12:59:03 PM
Yeah, OS and held at DTC up 400k, which is very likely them since it coincides with alps reappearing. I think I figured these guys out some.
They get shares at discount 15% last 20 days of lowest bid, say .38. Then they get shares at .323.
So those 400k shares went to $129k towards to loan, $45k towards interest and $85k towards principal.
They then get to sell into into spike like today. They can sell into any spike at the 15% discount before when the spike started, which I feel they are doing. This could be why we are getting big spikes lately that quickly sizzle out. So they are selling starting at 45c-44c, so 44.5c average for simplicity. That is $178k gross with $85k going towards principal. Not a bad gig. The second note conversions start in 6 weeks. Getting rid of at least one of these notes with money from either the TO or other agreement should be a very high priority.
They get shares at discount 15% last 20 days of lowest bid, say .38. Then they get shares at .323.
So those 400k shares went to $129k towards to loan, $45k towards interest and $85k towards principal.
They then get to sell into into spike like today. They can sell into any spike at the 15% discount before when the spike started, which I feel they are doing. This could be why we are getting big spikes lately that quickly sizzle out. So they are selling starting at 45c-44c, so 44.5c average for simplicity. That is $178k gross with $85k going towards principal. Not a bad gig. The second note conversions start in 6 weeks. Getting rid of at least one of these notes with money from either the TO or other agreement should be a very high priority.
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