May. 15 at 1:26 PM
$CLNN Chidozie only has 100,000 shares left that he can sell. Once his selling streak is over, I don't think we'll be seeing the stock price below
$7 anymore.
The maturity date for the
$10 million convertible notes has been extended, and the terms have been restructured to a bullet payment of both principal and interest at maturity. The new deadline is August 2027, with a conversion price set at
$22. VCs do not make these kinds of bets on a failing company.