re: Ann: New US$20m Convertible Note Agreemen... TR333,
"La Jolla can't sell anything under 40c unless its approved by AED.I don't think there is anything to worry about, SP is heading north."
No, please reread the ann.
AED only announced: provided certain conditions are
satisfied it won't accept the convertable price below 32c.
That means La Jolla can get shares at 32c now, today or tomorrow , or any day when SP below 41c.
$20 million = 62.5 million new shares.
La Jolla of course can sell its shares at any price even at 0.001c per share.
Ann: New US$20m Convertible Note Agreement to Fun, page-8
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