Plenty more share to be issued for these terrible notes, especially if they keep being able to convert them at $0.006.
Such a horrible deal this has been for shareholders, despite the company trying to convince us they did a great job with the terms of this deal being conversion at $0.035 for the first 10 months. Trouble was after the 10 months was up they can essentially convert at whatever price they can push it down to.
Moral of the story is, if you ever see Lind (or plenty of others just like them) offering finance to a company via a convertible note, especially a speculative minnow explorer with inept management like ANW, run a hundred miles in the other direction as it ain't going to work out well for existing retail share holders!
ANW Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
