(Total Views: 477)
Posted On: 03/17/2017 6:35:36 AM
Post# of 75360
Jerry posted a comment on facebook as follows:
"Super voting preventing hostile takeover."
My views:
At voting 400-1 with an outstanding share count of 500m I can understand this as Jerry had enough shares of common to offset the difference. 1200-1 is still way more than needed unless outstanding shares are going to increase above the authorized amount.
The 1200-1 conversion rate still makes no sense along with the other preferred share benefits. That is just greed unless the plan is to convert and divide the shares between the new owners which makes little sense unless the preferred shares can not be separated. Very confusing. Still need company guidance on this matter.
I also still have questions about money infused into company for purchases and bottling plants and how that affects the shareholders value. This will have to show up on a quarterly report I suspect.
"Super voting preventing hostile takeover."
My views:
At voting 400-1 with an outstanding share count of 500m I can understand this as Jerry had enough shares of common to offset the difference. 1200-1 is still way more than needed unless outstanding shares are going to increase above the authorized amount.
The 1200-1 conversion rate still makes no sense along with the other preferred share benefits. That is just greed unless the plan is to convert and divide the shares between the new owners which makes little sense unless the preferred shares can not be separated. Very confusing. Still need company guidance on this matter.
I also still have questions about money infused into company for purchases and bottling plants and how that affects the shareholders value. This will have to show up on a quarterly report I suspect.
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