the way I see it..D would want a minimum of .24... so why are people selling at this crazy low price..a no brainer I think.. also D probably know a lot more than we do..they know the licence renewal and other news will probably take the shareway passed the yr high.. win win situation
People it really doesn't matter what we believe the fact is simple, if we get the licence renewal which I believe we will this week the sp will fly to new levels, if we don't get it fortes future rests in the Olympia acquisition and what they find. Gla.
Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.
Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position
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