Why would convertible debt bankers do this? Unless they know
Post# of 102791
(Total Views: 80)
Posted On: 01/11/2018 7:38:33 PM
Re: Lucky Jimmy #88367
$SGSIF , Folks, I have question for you to Ponder (LOL) tonight!
The bankers that funded SGSIF in 2015-2017 that still held 1.5 Million dollars in loans/debt that SGSIF owed them,
that did not convert the debt to 1.5 Billion shares in 2016-2017 like they could have,
that converted to preferred shares in April 2017,
to breath life into SGSIF so that it could buy AWS from ICLD,
to bring in a revenue producing element to SGSIF,
that now converted the debt to restricted, unsellable Common shares at .010/share,
that essentially trapped their loan money as a long term major investor in SGSIF,
that now makes them the largest single stock holder in SGSIF at a cost of about .02/share because they gave up all accumulated interest, discounts at conversion and fees they had earned by the old agreements,
That now own more shares that the 2 directors,
That left about 80% of the issued shares as restricted insider shares, and thus leaving a float of only 20% of the OS shares issued,
Do you really think gave up debt for common share equity with no exit, at a price above the trade prices traded today, to loose money?
Shares being sold at under .05 now are betting against the 80% share holders of this company that funded it the last 3 years!!!
The bankers that funded SGSIF in 2015-2017 that still held 1.5 Million dollars in loans/debt that SGSIF owed them,
that did not convert the debt to 1.5 Billion shares in 2016-2017 like they could have,
that converted to preferred shares in April 2017,
to breath life into SGSIF so that it could buy AWS from ICLD,
to bring in a revenue producing element to SGSIF,
that now converted the debt to restricted, unsellable Common shares at .010/share,
that essentially trapped their loan money as a long term major investor in SGSIF,
that now makes them the largest single stock holder in SGSIF at a cost of about .02/share because they gave up all accumulated interest, discounts at conversion and fees they had earned by the old agreements,
That now own more shares that the 2 directors,
That left about 80% of the issued shares as restricted insider shares, and thus leaving a float of only 20% of the OS shares issued,
Do you really think gave up debt for common share equity with no exit, at a price above the trade prices traded today, to loose money?
Shares being sold at under .05 now are betting against the 80% share holders of this company that funded it the last 3 years!!!
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