I think that is exactly right about finding the cash. Easy to buy 500k at 1.5c for $7.5 grand, but if you want to convert them you need to have a lazy $100k laying around on top of that and surely management would know that and know that there would need to be better incentive for people to convert (ie - higher disc to SP of heads)
Participation in Buddy (BUD) Cap Raise Offer, page-129
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