Is there a restriction on when St. George Investme
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Posted On: 04/22/2017 1:20:37 PM
Is there a restriction on when St. George Investments LLC can sell the 9,261,973 shares? Are these where the 100k blocks keep coming from to suppress share price? At some point they too will run out of shares and the buying frenzy will ensue.
My thoughts are that Joey can announce up to $10,000,000.00 of funding to knock out these minor issues, perform a share buy back (based on his refusal to allow St. George to convert he seems upset by how note conversions have increased the OS) and announce new store openings.
"During the fiscal year ended January 1, 2017, the Holder converted $81,300 of debt into 9,261,973 shares of Common Stock. "
"In addition, the Company paid $20,841 of the principal balance. The balance outstanding as of January 1, 2017 was $183,359 plus $3,981 of accrued interest, and is past its maturity date of September 15, 2016."
My thoughts are that Joey can announce up to $10,000,000.00 of funding to knock out these minor issues, perform a share buy back (based on his refusal to allow St. George to convert he seems upset by how note conversions have increased the OS) and announce new store openings.
"During the fiscal year ended January 1, 2017, the Holder converted $81,300 of debt into 9,261,973 shares of Common Stock. "
"In addition, the Company paid $20,841 of the principal balance. The balance outstanding as of January 1, 2017 was $183,359 plus $3,981 of accrued interest, and is past its maturity date of September 15, 2016."
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