To All,
After thinking about the possibility that Garth LLC (or someone related) is pushing our price down I sat down and crunched some numbers. Can someone tell me if there is something I'm missing on this:
It looks like if the lender is trying to get more shares out of this, this is a bullish indicator on the future of the stock price. Why would someone want MORE shares at a lower price if his total value was going to be the same either way? It seems that if the price is .35 or .25 or ? the "value" will still be the same at the time of conversion.
Example A: Current price .35, 75%=.2625, $500K/.2625 = 1,904,761 shares x .35(cur. price) = $666,666 value.
Example B: Current price .25, 75%=.1875, $500K/.1875 = 2,666,666 shares x .25(cur. price) = $666,666 value.
Is there something wrong with my thinking on this? I hate to sound like a someone who cant decide which side of the fence he's on, but hell I have some $ in this too. So someone tell me where I might be wrong.
TIA, Drat. |
