All Aboard,
The company was forced to reclassify the
All Aboard,
The company was forced to reclassify the notes and warrants as derivatives due to an accounting change. I believe this is a boiler plate statement that was required in that reclassification.
Obviously, if a stock goes to zero, any security whose price is based on that stock sees its price “approach infinity”. That’s how the math works.
We could read thru the Q and find a dozen such statements that would shock us if they came to fruition. The Going Concern section is usually full of doozies.
The fact of the matter is that, if the stock “goes to zero”, we have other issues to worry about than dilution. Zero divided by any number of shares is still zero, regardless of dilution.
So I’m not sure what the action item is here. It’s kind of like worrying about how many shares it would take at .18 to come up with the $6MM salary. There is no way in hell Joe is going to put out 33.33MM shares at .18 to pay that bill. As I pointed out, the wording in that statement was not rigid.
So “maybe” Joe knows something we don’t know that makes all of these discussions moot. And, while the SP hasn’t gone up yet, and the original 2020 plan is in shambles (as MOST companies’ 2020 plans were), Joe and Team have set a hell of a lot of impressive items into motion in the past year.
It’s very difficult after waiting so long, but it’s possible we just need to muster up a bit more patience and not work ourselves into a frenzy about FASB items that are never going to have anything to do w the business or our SP movement.
JMO
7
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