(Total Views: 456)
Posted On: 07/15/2017 7:29:09 PM
Post# of 75379
The latest 8K filing allows a 400 to 1 conversion in voting rights.
That means Mrs Li has 51% of the voting rights and is an anti hostile take over.
She is not going to risk dumping tons of money into the company and take the risk of an outsider snatch the company away from her.
The numbers are as follows:
Current o/s = 784,991,029
400 to 1 preferred conversion = 400,000,000
Divide current o/s into conversion = 51%
This does not include any personal shares she owns or the shares of the company she represents.
That means Mrs Li has 51% of the voting rights and is an anti hostile take over.
She is not going to risk dumping tons of money into the company and take the risk of an outsider snatch the company away from her.
The numbers are as follows:
Current o/s = 784,991,029
400 to 1 preferred conversion = 400,000,000
Divide current o/s into conversion = 51%
This does not include any personal shares she owns or the shares of the company she represents.
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