The minimum conversion price is currently a 25% premium to the 30 Day VWAP to the 4th of August, so 2.5ish cents. Its a raise at a premium to a significant entity, not retail trying to flip their money. Should put a floor around the 3c area.
I agree the costs are outrageous, but that's the cost of doing business with a consultant and companies with a risk-on approach to investing.
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