Convertible Note
L1 Capital purchased convertible notes and have converted and been dumping the shares previously but now have seemingly started to ease up on dumping.
This dumping did pressure the share price since late Jan I think.
This month however they seem to be playing in a less damaging way to the share price and not dumping massive volumes in short period.
Revenue is now written on the wall and Perhaps they are confident to hold them longer. We'll see.
All IMO, honest opinion, without malice to any party!
XPE Lounge, page-18
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