Celsius Holdings’ Intriguing Storyline Continues
VFC submits:
On March 10th, Celsius Holdings issued a press release announcing that the company had "converted to common stock approximately $5.1 million of its convertible debt and all of the remaining preferred shares."
The bulk of the conversion was done by CDS Ventures, a Carl DeSantis company, which converted $4.5 million of the $6.5 million outstanding balance of its convertible debt to common stock (conversion price of $10.20) and also converted all of its series A preferred shares. Another un-named holder of convertible debt also converted over $600,000 for just below $3.50 a share.
Investing, Long Term Investment, stock market | admin March 19, 2010
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