Ich denke der Deal ist gut. Unten bitte den Kommentar von Seifenblase lesen !!
-------------------------------------------------- ARTICLE 3 CONVERSION OF DEBENTURE
SECTION 3.1 Conversion; Conversion Price; Valuation Event.
At the option of the Holder, this Debenture may be converted, either in whole or in part, up to the full Principal Amount hereof into Common Shares (calculated as to each such conversion to the nearest 1/100th of a share), at any time and from time to time on any Business Day, subject to compliance with Section 3.2. The number of Common Shares into which this Debenture may be converted is equal to the dollar amount of the Debenture being converted divided by the Conversion Price. The "Conversion Price" shall be equal to the lesser of (i) $0.10, or (ii) 85% of the average of the 3 lowest Volume Weighted Average Prices during the 20 Trading Days prior to Holder's election to convert (the percentage figure being a "Discount Multiplier"). The Company reserves the right to increase the number of Trading Days in clause (ii) above, as it deems appropriate.
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Hmm... 10c after a run and stabiliztion -- that's not too many shares if converted:
1,500,000/0.10 = 15M Shares
as for the whining at iHUB, they don't get it. This next M&A will put us over the dime and we'll have little problem w/ this one. Amazing.
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