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.
Great Blog: RANT and RAVE Blog @ www.InTheMoneyStocks.com
Do your own DD.
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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?