Glad to see more posters here- for a long time it was essentially just Doubloon and I
holders scared off by all the legal stuff in May 7 8K? Didnt see anything unusual- (I have a law degree)
there's so much confusion perpetrated on other board so:
finder introduces the parties after much searching-years of searching for investors and a deal that will work and unpaid work so gets 30m restricted stock finders fee-
Mr Chalk gets 300M WOLV in EXCHANGE for 25% of his Enigma shares -which is 25% of Enigma since Chalk has all of Enigmas stock
WOLV (pubco=public company) does NOT have to raise any money as part of the deal-(Enigma does and without diluting-at least to closing- because at close of transaction Enigma total shares have to remain the same -100shares cs) WOLV's contribution is the 3M worth of shares to Chalk -Chalks control shares in WOLV-
u DON'T sell your control shares- because 49% of the stock is only worth what the other 51% says its worth- so the 300M shares to Chalk are his assurance against a hostile takeover etc- a poison pill type thing
so Chalk is not going to sell his shares, Texados shares are restricted, and up to 150M shares MAY be issued by WOLV to pay off 269k debt and or raise money at WOLV's option- they will NOT be given away in a raffle or in a drunken joyride
issuance of shares is only dilution to present stockholders if WOLV does not receive a value equal to or greater than what the shares are worth- e.g., if WOLV owes somebody $100,000 they can either pay 100k cash which they dont have or pay in stock- unless the stock is discounted-as in convertibles etc -its not dilution because WOLV has received fair market value for said stock
nobody would consider paying 100k cash for 100k debt dilution so what the hell difference does it make if WOLV raises the money via a pp- especially when the pp is issued at a higher pps than present market value. So the past pp's at 1c when stock averaged ca .006 would be like paying only 60000 cash in settlement of a 100k debt
almost all co's at this pps and stage have had heavy poisonous dilution via convertibles etc (where stock can be converted at as low as ca 40% of lowest price in preceding 10 days whatever- but to my knowledge WOLV has had NONE-no such dilution whatsoever
in fact WOLV was issuing pp's at a deemed price of 1c when the pps was only ca .006 average and as low as .0031
I've looked at thousands of these co's and dont remember pp's ever being issued for a higher pps than the present mv of shares
why hasnt anybody commented on this?
so WOLV received a value GREATER than fair market value for pp's in past 1 or 2 years or more-that is NOT dilution-
Because WOLV received MORE in EXCHANGE than what the shares are worth-
I've NEVER been able to get penny traders to understand this-why? -because they are so hypnotized by bashers non-stop shout cries of dilution- is it my full accounting degree summa cum laude as valedictorian of my university or my 2 doctorates that enable me to understand this even though i had no interest in stocks WHATSOEVER and only got in to help my best friend avoid foreclosure ?
bashers have created a schizo penny world where holders are deathly afraid of any share issuance as if WOLV receives nothing in return-which is partly why there is such a panic when pps starts to drop and why theres so much heavy resistance to pps rise-and most penny traders dont even know how to evaluate news-they let bashers do it for them
what are WOLV's shares worth without this deal-that would put this in proper perspective-
bashers also falsely assume Chalk had no other offers-any sentient human being knows how hard uncompassionate capitalism works - the big boys are SHARKS and would try to wrest control from Mr Chalk-which is most likely why Mr Chalk chose this route instead
part of the uncompassionate capitalism is the pps fall due to the new group selling and leaving after making so much money when longtime holders like me are drowning?
holders scared off by all the legal stuff in May 7 8K? Didnt see anything unusual- (I have a law degree)
there's so much confusion perpetrated on other board so:
finder introduces the parties after much searching-years of searching for investors and a deal that will work and unpaid work so gets 30m restricted stock finders fee-
Mr Chalk gets 300M WOLV in EXCHANGE for 25% of his Enigma shares -which is 25% of Enigma since Chalk has all of Enigmas stock
WOLV (pubco=public company) does NOT have to raise any money as part of the deal-(Enigma does and without diluting-at least to closing- because at close of transaction Enigma total shares have to remain the same -100shares cs) WOLV's contribution is the 3M worth of shares to Chalk -Chalks control shares in WOLV-
u DON'T sell your control shares- because 49% of the stock is only worth what the other 51% says its worth- so the 300M shares to Chalk are his assurance against a hostile takeover etc- a poison pill type thing
so Chalk is not going to sell his shares, Texados shares are restricted, and up to 150M shares MAY be issued by WOLV to pay off 269k debt and or raise money at WOLV's option- they will NOT be given away in a raffle or in a drunken joyride
issuance of shares is only dilution to present stockholders if WOLV does not receive a value equal to or greater than what the shares are worth- e.g., if WOLV owes somebody $100,000 they can either pay 100k cash which they dont have or pay in stock- unless the stock is discounted-as in convertibles etc -its not dilution because WOLV has received fair market value for said stock
nobody would consider paying 100k cash for 100k debt dilution so what the hell difference does it make if WOLV raises the money via a pp- especially when the pp is issued at a higher pps than present market value. So the past pp's at 1c when stock averaged ca .006 would be like paying only 60000 cash in settlement of a 100k debt
almost all co's at this pps and stage have had heavy poisonous dilution via convertibles etc (where stock can be converted at as low as ca 40% of lowest price in preceding 10 days whatever- but to my knowledge WOLV has had NONE-no such dilution whatsoever
in fact WOLV was issuing pp's at a deemed price of 1c when the pps was only ca .006 average and as low as .0031
I've looked at thousands of these co's and dont remember pp's ever being issued for a higher pps than the present mv of shares
why hasnt anybody commented on this?
so WOLV received a value GREATER than fair market value for pp's in past 1 or 2 years or more-that is NOT dilution-
Because WOLV received MORE in EXCHANGE than what the shares are worth-
I've NEVER been able to get penny traders to understand this-why? -because they are so hypnotized by bashers non-stop shout cries of dilution- is it my full accounting degree summa cum laude as valedictorian of my university or my 2 doctorates that enable me to understand this even though i had no interest in stocks WHATSOEVER and only got in to help my best friend avoid foreclosure ?
bashers have created a schizo penny world where holders are deathly afraid of any share issuance as if WOLV receives nothing in return-which is partly why there is such a panic when pps starts to drop and why theres so much heavy resistance to pps rise-and most penny traders dont even know how to evaluate news-they let bashers do it for them
what are WOLV's shares worth without this deal-that would put this in proper perspective-
bashers also falsely assume Chalk had no other offers-any sentient human being knows how hard uncompassionate capitalism works - the big boys are SHARKS and would try to wrest control from Mr Chalk-which is most likely why Mr Chalk chose this route instead
part of the uncompassionate capitalism is the pps fall due to the new group selling and leaving after making so much money when longtime holders like me are drowning?
