Noteholders
in response to
by
posted on
Oct 20, 2015 02:46PM
Paramagnetic Beads and QL Analyser are Proprietary Products
Gameson,
I may be wrong. Perhaps Supercardio can comment.
Looking at the 10 Q it states;
" convertible into shares in the Company’s common stock at a 40% discount from the lowest
closing price of the common shares over the prior 15 days. "
it does not specify that it is 15 days prior to agreement or 15 days prior to release of share. I would think it is during the release (Oct 22) not a year ago at 40% discount. Given the track record of our SP declining in past years, why would a noteholder agree to the price set 1 year ago. I would believe they would take a much lower risk at 40 % discount 15 days before the release. 1 Year ago it was at 0.10, and 2years ago, it was at >0.20 ...