@shikapat - reply to your post above didn't work.
The simplistic explanation is the value of the convertible note is $1. When converted into equity, it will be at the relevant share price per the calculations in the agreement.
So if the relevant share price at the time of Triton's conversion of the notes is 10 cents, they will convert each convertible note valued at $1 into 10 shares. If 1 cent, 100 shares etc.
Triton are definitely not valuing the existing DW8 shares at $1 each.
@shikapat - reply to your post above didn't work.The simplistic...
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