What do convertible notes convert into?
Equity of course. But at a price far far less than you will have paid for it. And in the meantime its interest bearing. So any upfront cash received in these so called mega-deals with Roche and AZ is just gonna get burned up in interest repayments.
But don't worry, these phylomers are just the ticket to untold wealth and happiness...but for who?
What do convertible notes convert into?Equity of course. But at...
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