re conv notes
I wonder how much cash some of these convertible note merchants actually have, the capital gets regurgitated over and over in small increments and there's often an up front payment involved.
It's easy enough to turn over $10m in a years trading with a $250k portfolio.
A company could claim $15m funding provided whereas the lender would only require a fraction of that amount imo
SPA - JP lightening up, held shares pre ipo so maybe some locked up
CNU - held up pretty well considering potential legislation effect
re conv notesI wonder how much cash some of these convertible...
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