here's a post from Jason / eocwizard re: the divvy
Post# of 11107
Posted On: 03/05/2014 9:56:33 AM
here's a post from Jason / eocwizard re: the divvy... get the post you have in mind & post it here & i'll sticky it...
Here's the FACTS:
If you have 1,000,000 shares on March 14th, you will get 5714 shares of Preferred Series C Stock. Each of those shares will have a face value of .20 (TWENTY CENTS) , not .001, not .01, not .10, they will be .20. When September 17th rolls around, you may if you wish, trade your preferred shares for common stock . If the stock price is .20 or higher, you will get 1 share of common for each preferred share you own. If the stock is worth .20, then your newly issued common share will be worth .20. If the stock price is .40, then your newly issued common share will be worth .40. If the PPS is less than .20 then you will receive the equivalent amount of common stock to be equal to .20 - for instance, if the PPS is .05, then you would receive 4 shares of common stock to your 1 share of preferred and so on. At the end of the day, no matter how you slice it, the Series C preferred Stock is worth NO LESS than .20 per share.
The absolute lowest the share could possibly be worth is .20 - twenty cents. Therefore, if you own 1,000,000 on March 14th, then on September 17th (ish) those 5714 shares will be worth NO LESS than $1142.80 - one thousand, one hundred, forty-two dollars and eighty cents.
This is the formula, and this is fact - there's no skewing it, misunderstandings or anything of that nature - math is math and this is the math - PERIOD.
However:
Quote:
Do your own DD . And be careful investing your money into this.
Do not invest into ANY stock based on what my or anyone else's opinions or statements are, do your own research and invest accordingly.
Jason
Here's the FACTS:
If you have 1,000,000 shares on March 14th, you will get 5714 shares of Preferred Series C Stock. Each of those shares will have a face value of .20 (TWENTY CENTS) , not .001, not .01, not .10, they will be .20. When September 17th rolls around, you may if you wish, trade your preferred shares for common stock . If the stock price is .20 or higher, you will get 1 share of common for each preferred share you own. If the stock is worth .20, then your newly issued common share will be worth .20. If the stock price is .40, then your newly issued common share will be worth .40. If the PPS is less than .20 then you will receive the equivalent amount of common stock to be equal to .20 - for instance, if the PPS is .05, then you would receive 4 shares of common stock to your 1 share of preferred and so on. At the end of the day, no matter how you slice it, the Series C preferred Stock is worth NO LESS than .20 per share.
The absolute lowest the share could possibly be worth is .20 - twenty cents. Therefore, if you own 1,000,000 on March 14th, then on September 17th (ish) those 5714 shares will be worth NO LESS than $1142.80 - one thousand, one hundred, forty-two dollars and eighty cents.
This is the formula, and this is fact - there's no skewing it, misunderstandings or anything of that nature - math is math and this is the math - PERIOD.
However:
Quote:
Do your own DD . And be careful investing your money into this.
Do not invest into ANY stock based on what my or anyone else's opinions or statements are, do your own research and invest accordingly.
Jason
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