Personally I think he files Ch11 someday when it
Post# of 43064
Posted On: 07/07/2015 10:41:53 AM
Re: ThePennyShill #20577
Personally I think he files Ch11 someday when it is clear he can not recover his investment in the time frame he has employed by his funding agreement , cancels all common shares , and issues all Newco stock in the POR to himself and the few other creditors this company has.
His issue of Newco to himself as sole major creditor will more than enough equal , or exceed, what he would get cancelled as a fellow common shareholder who gets screwed in the reorganization.
And he can structure the Newco stock OS within the POR at a price he can get out of the OTC on.
At that point he continues trying to sell processors at his own pace but never has to worry about the share price taking major hits if it ever happens.
Also, to any possible buyer of a processor this current share price and listing on the OTC is a major red flag. Think of how much more attractive a selling point is when listed on an exchange with a SP in the dollars is.
Only he and a few others would control the sell off of a possible rise in share price.
Because right now if he ever sells a processor or closes a deal there will be so much selling and trying to recover any losses accumulated for years it will be impossible for this stock to ever gain enough traction for a continued climb.
It has lingered too low for far too long.
His issue of Newco to himself as sole major creditor will more than enough equal , or exceed, what he would get cancelled as a fellow common shareholder who gets screwed in the reorganization.
And he can structure the Newco stock OS within the POR at a price he can get out of the OTC on.
At that point he continues trying to sell processors at his own pace but never has to worry about the share price taking major hits if it ever happens.
Also, to any possible buyer of a processor this current share price and listing on the OTC is a major red flag. Think of how much more attractive a selling point is when listed on an exchange with a SP in the dollars is.
Only he and a few others would control the sell off of a possible rise in share price.
Because right now if he ever sells a processor or closes a deal there will be so much selling and trying to recover any losses accumulated for years it will be impossible for this stock to ever gain enough traction for a continued climb.
It has lingered too low for far too long.
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