Posted On: 12/31/2016 9:46:55 AM
Post# of 22940
The Series C are non convertible They also are non-registered so they are not in TPAC float.
They are a promissory note and not stock certificates that any broker or MM would handle.
That is why funds must be wired directly to TPAC. Very risky especially for OTC company.
Given the past volume TPAC would only have been able to purchase 221 million shares and not 350 million. The 350 million shares had to be issued from TPAC to MRVB. There simply hasnt been enough volume and the PPS would be going up and not down.
They are a promissory note and not stock certificates that any broker or MM would handle.
That is why funds must be wired directly to TPAC. Very risky especially for OTC company.
Given the past volume TPAC would only have been able to purchase 221 million shares and not 350 million. The 350 million shares had to be issued from TPAC to MRVB. There simply hasnt been enough volume and the PPS would be going up and not down.
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Those 350 million shares could also be series c conversion shares, bought from the float through brokers and mm's. I believe what I see, cannot deny what you see live.
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