Sep. 11 at 5:20 PM
$TRNR The foundation that is behind
$FET has effectively underwritten the downside in the
$FET token price so that we are very insulated. On the upside, if the
$FET token were at
$1.00 by year end, it is very likely that our convertible note holders would exchange all of their debt for most of the existing tokens and we’d end up receiving almost
$8M worth of tokens with no dilution. At higher prices we do better, and at lower prices, the foundation covers the losses. This is a truly asymmetric structure that should be very positive for TRNR shareholders and we’ve already received
$2M in working capital with no dilution already.
