My thoughts on 8K funding...
On Convertible Notes:
- The Bad: No mandatory "delay" to convert. Total of about 17.5 million shares can be converted from the notes. Conversion and then selling will hold back sp.
- The Good: When all three-cent convertible Note shares are sold, income of about half a million. Bonus: Once all notes are converted there is no longer any debt.
On Convertible Warrants:
- The Bad: No mandatory "delay" to convert. Total of about 17.5 million shares can be converted from the warrants. Conversion and then selling will hold back sp.
- The Good: When all twelve-cent convertible Warrant shares are sold, income of about two-million.
Any opinions, Bullish or Bearish, please post.