If the stock remains in the 1 to 2, all the toxic
Post# of 40991
(Total Views: 325)
Posted On: 11/11/2019 1:38:56 PM
If the stock remains in the 1 to 2, all the toxic note holder has to do is sell one share at 0.0001 on three separate days between 11/21 and 12/1. If they do that, they will get $50K worth of stocks at 0.00005, or one billion shares. As of right now, the company CANNOT issue one billion as that will exceed the AS bases on an OS right now of 4.1 bil.
This converges very nicely to be a CEO decision. Would he pay the money in cash? He can and he should showing good will to investors. I expected him to do that in July but he did not.
This converges very nicely to be a CEO decision. Would he pay the money in cash? He can and he should showing good will to investors. I expected him to do that in July but he did not.
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