Yeah. These convertible notes definitely make one
Post# of 36729
Posted On: 05/24/2014 10:24:59 AM
Yeah. These convertible notes definitely make one go WTF. Agent has good eye for that stuff. Even with that eye, when you look at the billion plus shares paid out to Gelmon for AEGY they said in prior filings that some of those notes would mature in May and then we found out after the fact that they were converted January 31st. So to my eye, they did Gelmon a big favor by converting his notes early and on to unsuspecting traders. I suppose if you were long on that stock, and aware of the conversions, it wouldn't have mattered.
I guess with SKTO gotta see whether it is dilution to enrich the pocketbooks of cronies, at expense of common shareholders, or whether it is dilution to invest in the company's growth for the benefit of both cronies and common shareholders.
I guess with SKTO gotta see whether it is dilution to enrich the pocketbooks of cronies, at expense of common shareholders, or whether it is dilution to invest in the company's growth for the benefit of both cronies and common shareholders.
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