DD, the LJ story is a sad one with numerous examples to the downside. Convertible notes are the demon for any co. who cannot outgrow the dilution in capital due to the C/Note.
Despite all the rhetoric, EDE is one of those who thinks they can. SP 'might' recover once LJ exits following 100% conversion if EDE is then in a position to standup on their own. That could be 1-2years away depending on if EDE can pull off these purported sure things.
Are there any examples of LJ/convertible notes that have worked in favour of the SP?
Am curious.
investigation, page-26
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