Hi mike I’m note sure it obvious If the had said The convertible...

Hi mike

I’m note sure it obvious

If the had said

The convertible note ranks senior unsecured.

I wouldn’t question if

It’s because they said it’s senior unsecured EXCEPT if the company racks up any more debt

To that I say , except what ? They are senior unsecured as long as there is no ore debt the what?

Hence my query...

Any thoughts as to the conditions? - what do you think, does the max shares possible under the convertible note relate to 1.5 m subscribed or does it include the non binding subscriber and relate to 2.5 m$?

Obviously if it’s 1.5 m- then they effectively bought a lot of shares at a monster discount?

Thanks