The current 900,000,000 AS has about 350,000,000 s
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Posted On: 09/05/2017 7:48:39 PM
Re: hotstockerz #969
The current 900,000,000 AS has about 350,000,000 shares to go. At the current stock price, that would raise less than 1M dollars. No way would that begin to cover all the toxic outstanding debt.
Gurba is going to have to get the remaining debt holders on board with the A/B preferred share swap by sweetening the deal. If he can't, the only redeeming news is they are spread out and most of the debt is not callable any time soon from my understanding.
Who is converting now, and who is next- when are the dates where they are no longer restricted?
Also as a negative, we still owe Shapiro roughly 4M for the machinery division. That is going to complicate the sale of it, since we do not yet fully own most of the equipment he supplied us. That 67,000,000 shares he was given was just a partial payment.
Gurba is going to have to get the remaining debt holders on board with the A/B preferred share swap by sweetening the deal. If he can't, the only redeeming news is they are spread out and most of the debt is not callable any time soon from my understanding.
Who is converting now, and who is next- when are the dates where they are no longer restricted?
Also as a negative, we still owe Shapiro roughly 4M for the machinery division. That is going to complicate the sale of it, since we do not yet fully own most of the equipment he supplied us. That 67,000,000 shares he was given was just a partial payment.
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