floor price

  1. 748 Posts.
    I have sent Dave a Q on INL's forum and am awaiting an A.
    Regarding the last 4 conversions being below the stated floor price.
    I'm thinking they might be a little busy at the moment but in the meantime
    I think this quoted extract may partially explain.
    "Has a floor price of .01c"
    "the company may elect (notice the MAY) to refuse such a conversion in exchange for the redemption of the portion of the La Jolla Note that La Jolla sought to convert plus any paid and accrued interest at 120% of the amount"
    I'll wait on Daves clarification and advise all interested to read the original document in case I've misquoted.
    Cheers
    tweaty2.
 
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