Posted On: 06/14/2014 10:50:19 AM
Post# of 36729
I like this angle, here's some questions:
How does this private company survive that long without any money? They keep issuing convertible notes for cash, I'm assuming that those were absolutely necessary notes, right? How would they survive long enough to be successful? How could they pay for an IPO? How could they build a business compelling and successful enough to be IPO worthy? How would the SEC react to this suspension workaround? Would they allow such an IPO? Would the shareholders that hold the bag in greys maintain their equivalent pre-suspension ownership percentage in such an IPO? Does this theory require shareholders to hold their shares after this starts trading? Would iEquity be legally required to take care of shareholders in proportion to their *current* ownership? Is Grandmaster "B" Bob Hipple?
Is there precedent for such a plan?
How does this private company survive that long without any money? They keep issuing convertible notes for cash, I'm assuming that those were absolutely necessary notes, right? How would they survive long enough to be successful? How could they pay for an IPO? How could they build a business compelling and successful enough to be IPO worthy? How would the SEC react to this suspension workaround? Would they allow such an IPO? Would the shareholders that hold the bag in greys maintain their equivalent pre-suspension ownership percentage in such an IPO? Does this theory require shareholders to hold their shares after this starts trading? Would iEquity be legally required to take care of shareholders in proportion to their *current* ownership? Is Grandmaster "B" Bob Hipple?
Is there precedent for such a plan?
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