Now that's a TALE, Tales. Notes in default are not
Post# of 7795
(Total Views: 131)
Posted On: 07/08/2019 8:36:33 PM
Re: Coat Tail Rider #4686
Now that's a TALE, Tales. Notes in default are not positive. There is interest owed and shares to be issued. Can you say DILUTION?
Basically it means there is a ship ton of dilution still out there. Way more than you claim. Try using the word BILLION.
You keep claiming I'm in a pump and dump at EXPL, but no false news has ever been given by the company regarding being on a wreck.....EVER. You can't site one instance. Yet time and time again you claim it's a pump and dump with less than 3MM in da float. Amusing.
But I have my shares in EXPL I am holding on to. If it we get a media contract then I think she'll pay off. No worries if we don't. But I don't pimp the stock. I have told EVERYONE to read the filings. You've been pimping this turd for years. Look t your stickies here.
So we have 2 sets of believers. Those that believed the Tinkerbell hoax, Juno, Lantana, and notes in default are AWESOME versus those that believe in real salvors that have found and sold treasure, which is funding this year's operations.
And speaking of the filings you have trouble reading......go real slow.
The convertible notes that have been issued by the Company are convertible at the lender’s option. These convertible notes represent significant potential dilution to the Company’s current shareholders as the convertible price of these notes is generally lower than the current market price of the Company’s shares. As such when these notes are converted into equity there is typically a highly dilutive effect on current shareholders and very high probability that such dilution may significantly negatively affect the trading price of the Company’s common stock. Furthermore, management intends to have discussions or has already had discussions with several of the promissory note holders who do not currently have convertible notes regarding converting their notes into equity. Any such amended agreements to convert promissory notes into equity would more than likely have a highly dilutive effect on current shareholders and there is a very high probability that such dilution may significantly negatively affect the trading price of the Company’s common stock. Some of these note holders have already amended their notes and converted the notes into equity. Based on conversations with other note holders, the Company believes that additional note holders will amend their notes to contain a convertibility clause and eventually convert the notes into equity.
Next?
Basically it means there is a ship ton of dilution still out there. Way more than you claim. Try using the word BILLION.
Quote:
Notes that are not converted for hundreds of millions of shares.
You keep claiming I'm in a pump and dump at EXPL, but no false news has ever been given by the company regarding being on a wreck.....EVER. You can't site one instance. Yet time and time again you claim it's a pump and dump with less than 3MM in da float. Amusing.
But I have my shares in EXPL I am holding on to. If it we get a media contract then I think she'll pay off. No worries if we don't. But I don't pimp the stock. I have told EVERYONE to read the filings. You've been pimping this turd for years. Look t your stickies here.
So we have 2 sets of believers. Those that believed the Tinkerbell hoax, Juno, Lantana, and notes in default are AWESOME versus those that believe in real salvors that have found and sold treasure, which is funding this year's operations.
And speaking of the filings you have trouble reading......go real slow.
The convertible notes that have been issued by the Company are convertible at the lender’s option. These convertible notes represent significant potential dilution to the Company’s current shareholders as the convertible price of these notes is generally lower than the current market price of the Company’s shares. As such when these notes are converted into equity there is typically a highly dilutive effect on current shareholders and very high probability that such dilution may significantly negatively affect the trading price of the Company’s common stock. Furthermore, management intends to have discussions or has already had discussions with several of the promissory note holders who do not currently have convertible notes regarding converting their notes into equity. Any such amended agreements to convert promissory notes into equity would more than likely have a highly dilutive effect on current shareholders and there is a very high probability that such dilution may significantly negatively affect the trading price of the Company’s common stock. Some of these note holders have already amended their notes and converted the notes into equity. Based on conversations with other note holders, the Company believes that additional note holders will amend their notes to contain a convertibility clause and eventually convert the notes into equity.
Next?
(0)
(0)Seafarer Exploration (SFRX) Stock Research Links
Scroll down for more posts ▼