the original agreement had a conversion price of 37 cents.
That agreement was torn up and Incor bargained down to a conversion price of 31 cents.
31 cents is better than 37 cents.
They had no choice but to convert otherwise their $5m would be gone. Once they finish selling they will get something like 30 to 50 cents back in the dollar. Better than getting nothing back.
The remaining $10m facility was cancelled and they got all that back.
That's all fact. What you post is nonsense
As for Drake, they are a hedge fund. When you open an account with them you know the risks. They will not tell you every investment they make. Stop posting nonsense
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watching the paint dry., page-24
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