Wednesday, October 31, 2012
YHM
YHM yesterday issued 220m new shares at the conversion price of $0.001 per share (vs closing price of $0.019) in Co, pursuant to the conversion of $220,000 in principal amount of the outstanding Loan to the Lender. (Convertible Loan Agreement). Exercise price was as almost 20x below the last price price of $0.019. So would not be surprised if share price reacted negatively to the big discount.
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