Yes, I looked at the filing in more detail. I was
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Posted On: 01/15/2021 6:31:35 PM
Yes, I looked at the filing in more detail. I was thinking that this was basically a repeat of the December 18 agreement, where they exchanged 2.2 million shares to reduce the debt by $7.5 million. It looks like this is not a repeat of that. I'm not entirely clear what this transaction is about, aside from registering shares that Fife can sell.
As best as we know, they need to do four more of these "$7.5 million deals" (one per month). And, they could each be done at a price near the current market (like the December 18 deal).
I was thinking that all of the shares are going to be converted at the December 18 price (or worse, if the stock price dropped).
So, I think I have to retract much of my earlier post. I will keep the parts about it being good to reduce our debt and increase our shareholder equity!
As best as we know, they need to do four more of these "$7.5 million deals" (one per month). And, they could each be done at a price near the current market (like the December 18 deal).
I was thinking that all of the shares are going to be converted at the December 18 price (or worse, if the stock price dropped).
So, I think I have to retract much of my earlier post. I will keep the parts about it being good to reduce our debt and increase our shareholder equity!
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