Her is a Great post by NYD that was deleted over a
Post# of 29251
(Total Views: 274)
Posted On: 04/18/2018 12:25:36 PM
Her is a Great post by NYD that was deleted over at ihub. But he got it restored !! This should put the B shares to rest.
Quote:
Awesome news on the Series-B Conversions folks! ANDI/UTOP reduced the Series-B share conversions by a factor of 1000! Basically, that reduces the amount of shares after conversion from 38 Billion to a measly 38 Million! Is that not awesome! Due to concerns about whether the new conversion was in affect now or not, the IR Department responded by saying, "there must be a misunderstanding about the process by some, the board has voted and the new conversions are in affect immediately". The TA is aware of the new conversions and the company will follow-up with the paperwork later but that will not impact the new conversions now. Without a doubt, the new conversions are in place! Also, Series-B conversions have a limit of so many shares that can be converted in a 90-day period per individual and there is a fairly large fee involved with each transaction which would not make it cost effective to convert at a low PPS. Huge benefit for us Common shareholders! Is this what the company meant when they said there was going to be some sort of share reduction? Or, does it get better? Go ANDI/UTOP and GLTA!
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