Posted On: 12/22/2015 10:01:29 AM
Post# of 791
Re: negativegeforce #124
i would not say they want HCTI to uplist before "taking a stake", but rather they would need HCTI to uplist in order to hold a position at all.
this could be much like institutional investors. I believe in order for certain institutions to invest, the company needs to be on a major exchange and over 5$ per share. something along those lines...
but lets step back a bit. I'm not sure any of these larger companies are going to want/need/care about receiving common shares. As mentioned before, they will most likely receive series A/B preferred shares. B preferred shares would basically just give them a large vote in the company, with no real $ value. Series A are conversion eligible into common. So lets just assume series A.
As these preferred shares are typically immune to share structure changes, I think the waiting to uplist(unless by necessity) argument is thrown out the window.
this could be much like institutional investors. I believe in order for certain institutions to invest, the company needs to be on a major exchange and over 5$ per share. something along those lines...
but lets step back a bit. I'm not sure any of these larger companies are going to want/need/care about receiving common shares. As mentioned before, they will most likely receive series A/B preferred shares. B preferred shares would basically just give them a large vote in the company, with no real $ value. Series A are conversion eligible into common. So lets just assume series A.
As these preferred shares are typically immune to share structure changes, I think the waiting to uplist(unless by necessity) argument is thrown out the window.
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