bwolfy2002 Friday, 11/29/19 01:37:53 PM Re:
Post# of 36566
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Posted On: 11/29/2019 2:02:32 PM
bwolfy2002
Friday, 11/29/19 01:37:53 PM
Re: None
0
Post # of 10334
Ok - so the language around the dividend has shifted a little bit. Now it’s all the dividend doesn’t matter if you had 100 share @.80, you will have 200 at @.40. Ok, that’s true what we said for a WORST case scenario.
But not paying the dividend is reducing our value. It is not just a cut of the SP in half. Joe alluded to this on the call. He said we were going to issue around 21mm shares, now we may have to (but do not want to) issue 44mm. Maybe we can issue divi in half the waiver shares say another 12mm instead of all of theirs (ok, better than every share getting div but still reducing my ownership).
While it is not clear because they are investigating, this is a massive reduction in the value of the dividend to us retail investors. Even if the otc cut us in half for SP, we still owned I higher portion of the FUTURE revenue, which was the whole point. Take 44mm add 21mm and you have 65mm shares o/s. Assume this plan for all the future revenues worked then we increased our value with the dividend. Now you say oh well maybe we won’t pay the divi, maybe we pay it all shares, maybe we pay half divi to waiver people. That equals less portion of future revenue that I bought shares for because of the dividend. That dividend needs to be paid out as promised to ~21mm retail float holders or the company misled me and lied to me. I am not getting what I bought if the dividend is not paid out as intended.
Can someone please post this to other board? I’m out of posts lmao.
Friday, 11/29/19 01:37:53 PM
Re: None
0
Post # of 10334
Ok - so the language around the dividend has shifted a little bit. Now it’s all the dividend doesn’t matter if you had 100 share @.80, you will have 200 at @.40. Ok, that’s true what we said for a WORST case scenario.
But not paying the dividend is reducing our value. It is not just a cut of the SP in half. Joe alluded to this on the call. He said we were going to issue around 21mm shares, now we may have to (but do not want to) issue 44mm. Maybe we can issue divi in half the waiver shares say another 12mm instead of all of theirs (ok, better than every share getting div but still reducing my ownership).
While it is not clear because they are investigating, this is a massive reduction in the value of the dividend to us retail investors. Even if the otc cut us in half for SP, we still owned I higher portion of the FUTURE revenue, which was the whole point. Take 44mm add 21mm and you have 65mm shares o/s. Assume this plan for all the future revenues worked then we increased our value with the dividend. Now you say oh well maybe we won’t pay the divi, maybe we pay it all shares, maybe we pay half divi to waiver people. That equals less portion of future revenue that I bought shares for because of the dividend. That dividend needs to be paid out as promised to ~21mm retail float holders or the company misled me and lied to me. I am not getting what I bought if the dividend is not paid out as intended.
Can someone please post this to other board? I’m out of posts lmao.
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