I don't think that $10 is relevant to the Fife dea
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Posted On: 01/15/2021 4:54:48 PM
I don't think that $10 is relevant to the Fife deals any longer. We are now repaying him with stock.
I think 2.1 million shares equates to a $7.5 million pay down of the debt. We need to do this monthly for five months, as I recollect.
In other words, the ratchet has effectively happened already. It can ratchet again lower if the stock price drops, but for now, it seems to be about $3.57. (So, no, we didn't raise money at $10. We raised money at $3.57. I think that is a fair price. I just wish NP did go around saying we raised money at $10.)
I believe that much of the "mystery selling" lately has been Fife, and will continue to be. (I'm talking about yesterday's "wall" at or around $5, for example).
All in all, this is good for CYDY. It keeps us from running out of cash and it helps the financial ratios that NASDAQ cares about.
I think 2.1 million shares equates to a $7.5 million pay down of the debt. We need to do this monthly for five months, as I recollect.
In other words, the ratchet has effectively happened already. It can ratchet again lower if the stock price drops, but for now, it seems to be about $3.57. (So, no, we didn't raise money at $10. We raised money at $3.57. I think that is a fair price. I just wish NP did go around saying we raised money at $10.)
I believe that much of the "mystery selling" lately has been Fife, and will continue to be. (I'm talking about yesterday's "wall" at or around $5, for example).
All in all, this is good for CYDY. It keeps us from running out of cash and it helps the financial ratios that NASDAQ cares about.
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