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IntelliCell BioSciences, Inc. Message Board

  • athec_99 athec_99 Apr 25, 2014 1:35 PM Flag

    Floorless convertible debenture

    http://www.nasdaq.com/investing/glossary/f/floorless-convertible
    For anyone that wants to know. This is the type of financing that Dr. LookGood arranged for SVFC last month.
    Other names for it: ratchet convertible, toxic convertible, and death-spiral convertible

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Oh dear god give us your address on that hopeless pitiful cardboard sign your holding on the corner so we can mail you a few bucks to quit your sniveling begging here. Your embarrassing yourself, everyone knows your a short hoping to scare someone into throwing you some scraps of discarded food shares that you can eat without having a job. Do a trick, put on a performance don't just stand here begging every day.

    • Definition (according to NASDAQ):

      Used by companies that are in such bad shape that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as toxic convertibles or death spiral convertibles.

      Read more: http://www.nasdaq.com/investing/glossary/f/floorless-convertible#ixzz2zvAiguaF

      Sentiment: Strong Sell

 
SVFC
0.00020.0000(0.00%)Jan 28 3:47 PMEST

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