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Forum - Wall Street Pit (WPCS International Incorporated - WPCS)    Stock Due Diligence for All

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From: gsoloway (Rep: 154) reply to alectricDate: 12/18/2013 16:28
Forum: Wall Street Pit - Msg #2436450 - List WPCS msgs Thread #673611182 (Rec: 0)
Re: Re:they lowered the conversion price on a $3.4 mln note from $2.15 to $0....

I think China clampdown on Bitcoin combined with those buyers who paid north of $3 yesterday after hours (when it ran to $5) did the trick. Overall, stock should bounce back nicely. Picked some up into the close for bounce back over $2.00. Warrants are a non issue. Any company this small always does stuff like that.

Just my humble opinion but we will see $2+ in a few days if not tomorrow. Went light on share size so I can buy more lower.



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Reply to alectric - Msg #2436445 - 12/18/2013 16:18

Re: Re:they lowered the conversion price on a $3.4 mln note from $2.15 to $0.20 r...the way I understand it, they get some stock thrown in along with a like number of warrants. The new warrants exercise at $2.15. They acquired the stock at a cost basis of .20, but there are only 38,740 shares added to the treasury. I don't understand what the big deal is. Anyone have a clue?
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