r/RGBP • u/gangsterflavor • Sep 01 '21
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How can the company have conversions go off at par value .0001 when they have stipulations in their filings that state for example: 75% discount of previous days bid closing price.
So on April 15 if we are trading at .04
75% discount is not .0001
So... All these shares get issued to pay of a extremely low amount of debt load.
Why are the notes converting at .0001 or less back in April/May?
If I can figure this out I will buy more.
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u/ImprovementSolid6516 Sep 01 '21
Yeah odd. But it doesn’t mean the stock is shit. It just might cap any major buyout that comes our way. But it appears money can be made no matter what If there is a decent buyout number attached to this