I just read through it quickly but a couple things
Post# of 15187
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Posted On: 01/03/2018 7:42:35 PM
Re: Goodspeed65 #13988
I just read through it quickly but a couple things I like.
They would need to increase the authorized shares to allow the toxic lenders to convert which I doubt they will do which will force/entice the debt holders reach a reasonable settlement.
When we trade our shares we will get cash for them. Whether or not we decide to buy some type of cryptocurrency is an option.
"We know we are keeping our shares now but when it trades on the otc how will it keep toxic lenders from converting?
Any conversion of the Colorado shares is going to require Joe's to obtain a majority of its shareholders to approve an increase in authorized shares, which is going to be challenging, but even more difficult would be getting an SEC approval of a proxy statement to do that. We think, it's going to be easier to just negotiate a settlement under the ICO plan proposed. This is the plan to do a settlement and this has been discussed.
8. Will we get cash for shares when we trade or will it be cryptocurrency, and if it’s a cryptocurrency, what will it be?
Since we aren't planning to file our ICO as a cryptocurrency, the answer is cash, although our relationship with spotcoin should make it easier to convert into any cryptocurrency, subject to laws and regulations at the time etc. "
They would need to increase the authorized shares to allow the toxic lenders to convert which I doubt they will do which will force/entice the debt holders reach a reasonable settlement.
When we trade our shares we will get cash for them. Whether or not we decide to buy some type of cryptocurrency is an option.
"We know we are keeping our shares now but when it trades on the otc how will it keep toxic lenders from converting?
Any conversion of the Colorado shares is going to require Joe's to obtain a majority of its shareholders to approve an increase in authorized shares, which is going to be challenging, but even more difficult would be getting an SEC approval of a proxy statement to do that. We think, it's going to be easier to just negotiate a settlement under the ICO plan proposed. This is the plan to do a settlement and this has been discussed.
8. Will we get cash for shares when we trade or will it be cryptocurrency, and if it’s a cryptocurrency, what will it be?
Since we aren't planning to file our ICO as a cryptocurrency, the answer is cash, although our relationship with spotcoin should make it easier to convert into any cryptocurrency, subject to laws and regulations at the time etc. "
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