"As of April 30, 2020, we had outstanding converti
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Posted On: 11/07/2020 6:07:51 PM
"As of April 30, 2020, we had outstanding convertible notes in the amount of $5,295,038, convertible into 12,763,257 shares of common stock."
The number of shares owed upon conversion goes up exponentially as the price goes down. That is why they call it "death spiral financing."
They paid off these notes since the end of April?
The number of shares owed upon conversion goes up exponentially as the price goes down. That is why they call it "death spiral financing."
They paid off these notes since the end of April?
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