Jan. 24 at 8:12 PM
$APUS I have some spare time this weekend and looked into a few things on different plays.
The merger with Mindwave is closed and this means they can convert now. 80% lowest 5 day VWAP. They can convert up to the dollar cap of the notes, which is
$120.9 million
For them to be able to really dump onto the market they will need a resale effect. They can likely sell small amounts but nothing significant until resale effect^^.
Because it’s variable, the share count floats. Examples:
If VWAP ≈
$0.10 → conversion price ≈
$0.08
→ ~
$120.9M ÷
$0.08 ≈ 1.51B shares
If VWAP ≈
$0.05 → conversion price ≈
$0.04
→ ~
$120.9M ÷
$0.04 ≈ 3.0B shares
Keep this in mind))