Regarding Fife's Loan, The S-3 Filings & Anticipat
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Posted On: 01/18/2021 11:59:25 AM
Regarding Fife's Loan, The S-3 Filings & Anticipating $10/share very soon.
From another CYDY discussion board, commentor "time":
I went and checked the past 3 S-3 fillings. If you add all of the converted notes (value of $28m loan) at the time of the conversion rate that took place, you will see that a total of $31M worth convertible notes were converted to stocks/shares. Shares have been issued and registered with the SEC but they can be converted and sold only when the share price hits $10. When that happens, Fife with his almost 7.2m shares from the last 3 S-3 forms will have $72M into his bank account upon a sale. Fife is doing this because his DD most likely points to approval, but also he favors us to get to NASDAQ by wiping out the debt on the sheets which satisfies the 2.5M requirement by NASDAQ. So if we get NASDAQ before results, Fife expects to get those $10 in share price even before any news because because of just NASDAQ it self. This is a clear game he is playing. Cheers
My response: If it is accurate, that Fife's stock "can only be converted and sold when the share price hits $10", that is extreme and implies That Fife (or his wise reseach team) has extreme confidence that share will go to $10 and soon. By taking payments at $4 and $5 per share, he is getting more shares for his $millions in payments, than he would get if he waited until the share price was $10/share. He is getting his loan money back, and huge gains, expecting $10/share soon. The option of 10% interest on the loan if paid back in cash, is a drip compared to the gushing gains Fife evidently is expecting.
From another CYDY discussion board, commentor "time":
I went and checked the past 3 S-3 fillings. If you add all of the converted notes (value of $28m loan) at the time of the conversion rate that took place, you will see that a total of $31M worth convertible notes were converted to stocks/shares. Shares have been issued and registered with the SEC but they can be converted and sold only when the share price hits $10. When that happens, Fife with his almost 7.2m shares from the last 3 S-3 forms will have $72M into his bank account upon a sale. Fife is doing this because his DD most likely points to approval, but also he favors us to get to NASDAQ by wiping out the debt on the sheets which satisfies the 2.5M requirement by NASDAQ. So if we get NASDAQ before results, Fife expects to get those $10 in share price even before any news because because of just NASDAQ it self. This is a clear game he is playing. Cheers
My response: If it is accurate, that Fife's stock "can only be converted and sold when the share price hits $10", that is extreme and implies That Fife (or his wise reseach team) has extreme confidence that share will go to $10 and soon. By taking payments at $4 and $5 per share, he is getting more shares for his $millions in payments, than he would get if he waited until the share price was $10/share. He is getting his loan money back, and huge gains, expecting $10/share soon. The option of 10% interest on the loan if paid back in cash, is a drip compared to the gushing gains Fife evidently is expecting.
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