(Total Views: 654)
Posted On: 03/05/2019 12:03:20 PM
Post# of 15624
that's all we can do.. speculate
among all the speculations.. 2 theories appear to the be most talk about..
1. uplisting to Nasdaq
2. reduce OS to attract better financing
Theory #2 is gaining traction but with questions..
The fact MGMT use standard RS template and decided to going with a high potential max RS of 1 to 500 which tell you that they are NOT certain what they are going do. One thing is certain that they want to have a WILD Card on their hand.. open to all possibilities.
If this potential RS was to make it easy to attract better finance and pay back the 5MM loan. I don't see any logical reason why they need to throw that max of 1 to 500 out there. At the RS of only 1 to 20 will reduce the OS under 10MM. A max of RS ratio of 1 to 100 would been very painful to all current shareholders.
RS of 1 to 3 reduce OS to ~52MM
RS of 1 to 5 reduce OS to ~31MM
RS of 1 to 10 reduce OS to ~15MM
RS of 1 to 20 reduce OS to ~8MM
RS of 1 to 100 reduce OS to ~1.5MM
After many discussions of NASDAQ listing was behind this RS, I really don't think they are financially ready for NASDAQ in 2019. This potential RS is ONLY for 2019 fiscal year not beyond. At best, tablet trail goes well and will not be generating revenue until some time in 2020.
among all the speculations.. 2 theories appear to the be most talk about..
1. uplisting to Nasdaq
2. reduce OS to attract better financing
Theory #2 is gaining traction but with questions..
The fact MGMT use standard RS template and decided to going with a high potential max RS of 1 to 500 which tell you that they are NOT certain what they are going do. One thing is certain that they want to have a WILD Card on their hand.. open to all possibilities.
If this potential RS was to make it easy to attract better finance and pay back the 5MM loan. I don't see any logical reason why they need to throw that max of 1 to 500 out there. At the RS of only 1 to 20 will reduce the OS under 10MM. A max of RS ratio of 1 to 100 would been very painful to all current shareholders.
RS of 1 to 3 reduce OS to ~52MM
RS of 1 to 5 reduce OS to ~31MM
RS of 1 to 10 reduce OS to ~15MM
RS of 1 to 20 reduce OS to ~8MM
RS of 1 to 100 reduce OS to ~1.5MM
After many discussions of NASDAQ listing was behind this RS, I really don't think they are financially ready for NASDAQ in 2019. This potential RS is ONLY for 2019 fiscal year not beyond. At best, tablet trail goes well and will not be generating revenue until some time in 2020.
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