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If fall below 1.50, who want to convert? If nobody convert, how to pull in cash from share holders? Who is major share holder? Sure major share holder will control the price and definitely it won’t let this project fail.
Not a fresh news anymore, it was already announced on 23 Jan and share price already drop a lot after this announcement. I don’t think this Monday drop will not caused by this news and it will be caused by USA big drop on tariffs issue.