I would like for others to weigh in on my thinking
Post# of 3935
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Posted On: 11/05/2017 7:58:36 PM
I would like for others to weigh in on my thinking:
IF the rights offering goes through with just a couple of very large investors, won't that mean that they would likely gain control of Giggle and Joey is in effect ousted ?
Let's say the average investors only muster 450k and two other larger investors in this offering bring another $4.4M to the table. Wouldn't they OWN way more shares than Joey at that point and have a majority stake that way ? Probably have been buying shares over the past month as well. You could potentially have 2 people with more than 75M shares to Joey's 26.3M.
Hate the dilution, though. SO wouldn't Joey get more by just giving up say half of his personal shares, avoiding massive dilution and then selling those 12-13M when the PPS skyrockets on the cancellation of the offering and majority control from Fresh blood ? He wouldn't want massive dilution anymore than the acquirers would, right ?
** This rights offering makes no sense on so many levels. Is my thinking flawed ?
IF the rights offering goes through with just a couple of very large investors, won't that mean that they would likely gain control of Giggle and Joey is in effect ousted ?
Let's say the average investors only muster 450k and two other larger investors in this offering bring another $4.4M to the table. Wouldn't they OWN way more shares than Joey at that point and have a majority stake that way ? Probably have been buying shares over the past month as well. You could potentially have 2 people with more than 75M shares to Joey's 26.3M.
Hate the dilution, though. SO wouldn't Joey get more by just giving up say half of his personal shares, avoiding massive dilution and then selling those 12-13M when the PPS skyrockets on the cancellation of the offering and majority control from Fresh blood ? He wouldn't want massive dilution anymore than the acquirers would, right ?
** This rights offering makes no sense on so many levels. Is my thinking flawed ?
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