Great Summary from NYD on the other board: htt
Post# of 29251
(Total Views: 611)
Posted On: 06/19/2018 11:46:41 AM
Great Summary from NYD on the other board:
https://investorshub.advfn.com/boards/read_ms...=141631407
A summary of the newest Quarterly (1 February - 30 April 2018):
- No change to the float
- No additional "Free Shares"
- No Series-B conversions (there was a concern Series-B shareholders would try to convert under the old rate. I previously stated conversions under the old rate were probably not likely since the TA/Company would have to be notified)
- An increase of 740 Million Restricted shares only (reported as conversion)
- No revenue as expected since phones will not be available for retail until the third quarter which starts in less than two weeks
- Nothing about the newest acquisition of WeWi & it's $250 Million of Revenue since it was completed 8 June 2018.
The majority of this quarterly was expected. No revenue due to the phones/software will not be available for retail until the third quarter. There does not appear to be a decrease in Series-B shares as some expected. The unexpected, the increase in O/S was 740 Million Restricted shares which will not become "Free" shares until Feb/Mar 2019. Overall, the float remains the same. Overall, the quarterly was good but not great. I would like the company to explain the additional Restricted shares.
https://investorshub.advfn.com/boards/read_ms...=141631407
A summary of the newest Quarterly (1 February - 30 April 2018):
- No change to the float
- No additional "Free Shares"
- No Series-B conversions (there was a concern Series-B shareholders would try to convert under the old rate. I previously stated conversions under the old rate were probably not likely since the TA/Company would have to be notified)
- An increase of 740 Million Restricted shares only (reported as conversion)
- No revenue as expected since phones will not be available for retail until the third quarter which starts in less than two weeks
- Nothing about the newest acquisition of WeWi & it's $250 Million of Revenue since it was completed 8 June 2018.
The majority of this quarterly was expected. No revenue due to the phones/software will not be available for retail until the third quarter. There does not appear to be a decrease in Series-B shares as some expected. The unexpected, the increase in O/S was 740 Million Restricted shares which will not become "Free" shares until Feb/Mar 2019. Overall, the float remains the same. Overall, the quarterly was good but not great. I would like the company to explain the additional Restricted shares.
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