15021981, your idea is not so silly
1- Come up with $2m.
2- “Pre purchase” $2m worth of shares @ 10% discount to a VWAP, say 1.1c
2A- Charge an establishment fee of $160K
3- Convert the pre purchase to shares. (Gradually convert and remain under 5% holding)
4- Sell converted shares @ market for say, >=1.3c for >18% return. (Gradually sell)
5- When and if all those shares are sold go back to 1 above and do this 4 more times for a total of $10m in funding.
Notes - The “next” $2m would not be “converted” until the preceding
conversion are all sold.
We would never have more than $2m at risk at one time! (At risk - Unless we get a company asset guarantee to $2m)
And throw in the other terms and conditions.
If the first lot take say, 6 months to sell it’s an effective return of
$160k + $360k = $520k less costs. (Assumes shares are sold at 1.3c Any higher becomes a bonus)
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