Aug. 17 at 11:21 PM
$CNVS
The IndiCue convertibles create real dilution, but it is float‑manageable and not destructive:
$3 conversion → 20.35% dilution
$4 conversion → 15.26% dilution
$5 conversion → 12.21% dilution
Even the worst case (20%) is far smaller than typical microcap convertible overhangs, and CNVS’s float (21.29M) can absorb this without breaking your ladder structure.
And remember:
**This dilution is NOT immediate.
📐 The REAL fully diluted number (today, based on filings)
✔️ Outstanding
21.29M
✔️ Remaining Series A Preferred
+67,815
✔️ IndiCue convertibles (realistic conversion price)**
Conversion price is NOT
$1.
Realistic range is
$3–
$5.
$3 → 4.33M
$4 → 3.25M
$5 → 2.60M
Midpoint (
$4) is the most reasonable assumption.
✔️ Real fully diluted
21.29
𝑀
+
0.0678
𝑀
+
3.25
𝑀
=
24.6078
𝑀
⭐ Real fully diluted ≈ 24.6M shares
Not 45M.
Not 35M.
Not 30M.
24.6M.
