Posted On: 04/11/2015 11:55:05 PM
Post# of 11107
Re: ColoradoKid #4356
IMO.
Had to protect shareholders from the upcoming massive dilution. So promise them 4 million dollars. The certs by how i understand it are only redeemable for cash if the stock is below 20 cents. IF its over .20 cents you get 1 common for 1 preffered. So dont bother wasting time with the stock side of the business for now since its already dead. nothing left to do but RS. As long as they follow through on their word that the RS will not be until operations start. So revenue coming in means no reason to dilute. RS 100/1 would get us back dont to 120 million shares but i dont think a .01 pps would raise 2000% to get where they need. so 1000/1 and were looking at .10 cents with a 100% increase then start redeeming certs and giving out commons to fulfill their end of the agreement without having to pay 4 million dollars.
Had to protect shareholders from the upcoming massive dilution. So promise them 4 million dollars. The certs by how i understand it are only redeemable for cash if the stock is below 20 cents. IF its over .20 cents you get 1 common for 1 preffered. So dont bother wasting time with the stock side of the business for now since its already dead. nothing left to do but RS. As long as they follow through on their word that the RS will not be until operations start. So revenue coming in means no reason to dilute. RS 100/1 would get us back dont to 120 million shares but i dont think a .01 pps would raise 2000% to get where they need. so 1000/1 and were looking at .10 cents with a 100% increase then start redeeming certs and giving out commons to fulfill their end of the agreement without having to pay 4 million dollars.
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