pic, if lliad gets shares at 80% of the lowest share price (not sure) in the preceding weeks to issuance then around .0042x80%=.0034ish is the issue strike for this payment. if the payment is 50k$ then they get near 15mm shares so give or take if the vig is 55k or more. it looks like 10-12mm shares have hit the bid this month so far so we may have 4-6 mm shares left to eat. todays stink bid is tomorrows ask in this environment, sad.