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31/08/18
09:57
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Originally posted by Tdman1
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Kirbie
With all due respect several of us in the minority have been saying money is needed asap and have been continuously and ruthlessly attacked and reported by buy sentiment holders that were just downramping
We haven't been
It's there staring you in the face
8 million dollars at a 15 percent interest charge equates to 240 million new shares and MASSIVE DILUTION.
Holders need to understand, some wont, the effective dilution this creates. A convertible note should also be converted to shares at the current share price minus any interest due to give an indication at today's level what dilution this is.
Suck it up. You're a holder. If you dont like holding sell. I AM NOT BUYING.
You'd be crazy to own this stock right now
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G'Day Tdman -Curious as to how are you coming up with 15%
The Convertible Notes are convertible at any time by the Investor at a 10% discount
of the lowest daily VWAP during the 5 Trading Days prior to the
Conversion Notice Date.
salt