Converting price was 0.001. This sort of explains the recent drop in sp that we saw.
Its diluting us obviously.
I am giving company benefit of doubt here that this deal may have been struck earlier, however, I have seen this type of mates rate issuance of cheap convertibles dilute shareholders quite a bit. I will tap out if it happens again.
This is all imo.
esn & mkb - a comparative analysis, page-78
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