No One gets Hurt on a R/S unless the pps goes way
Post# of 14350
No One gets Hurt on a R/S unless the pps goes way down pre and post split!....If everyone is "onboard" for it...then it is simply less shares with more value per share!
I'm fine with that....but as You mentioned.....it will also depend on how the pref's are carried over....they would need to shrink...and also the new A/S would have to shrink too
Thing is....if Jeff is not making a commitment to shares, and buying , risking $$ like we are, then the shares really mean nothing to him, if he is paying himself Big $$ over the course of the year!
If he bot $500k of shares but sucked $1 mill from the Company ....He is ahead....and I doubt he will be buying anymore shares....that was only done bc He stuck his foot in his Mouth and played the game to "work" the crowd!
He has a way a converting All debt to shares, dumping the burden of the debt on the shareholder, instead of letting the Company carry it forward, holding the line on the O/s, and letting the Company pay it Off!
But Now that the A/s is near maxed...it will be interesting to see what happens for Q3.....He will either let the structure stand.....or Increase the A/S back Up to be able to blow out the Pref's ...or R/S....
I don't think He will R/S until he gets One or two "Big contracts"...that He could count on to carry the R/S through the Storm....but no guarantee...He could say F it and go for it to get out of the Pinks too!!...lol
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