Yeah, so my take is similar. However I would not
Post# of 1023
Posted On: 08/22/2016 11:52:46 AM
Re: fourthjohn #821
Yeah, so my take is similar. However I would not say something is already in the works, but that they simply must maintain control now that they are creating 500M new shares. That is a huge percentage of the total shares and would help enable a hostile takeover. Why do a buyout at a few bucks a share when you can take the company for a fraction of that.
Incidentally, the number of shares optioned in the warrants + the 500M new shares would be over 45% of the company if those warrants are ever turned into new shares (I believe that would be 1.25B + 131M total shares). I don't know how many individual entities own those warrants. Hopefully, those warrants will get traded in.
My guess is this is forward looking risk management. Makes sense... I'm not sure why it wasn't already in place in a company that's been around so long. Gotta protect that buy-out.
Incidentally, the number of shares optioned in the warrants + the 500M new shares would be over 45% of the company if those warrants are ever turned into new shares (I believe that would be 1.25B + 131M total shares). I don't know how many individual entities own those warrants. Hopefully, those warrants will get traded in.
My guess is this is forward looking risk management. Makes sense... I'm not sure why it wasn't already in place in a company that's been around so long. Gotta protect that buy-out.
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Everything in this post is my own personal opinion. I do not claim to have any expertise or knowledge that would allow me to provide followable advice.