Wednesday, October 22, 2014 3:17:13 PM
DD2Gain
I believe that the press release was clear and concise in the explanation of why the company was increasing their A/S.
For anyone who happens to know investment banking and how these hedge funds draw up terms to their notes, it is an ABSOLUTE condition with every fund that the company hold in reserve 5 times the amount of what shares have been extrapolated for the potential conversion of the note.
Obviously, as the price of the stock has declined, it has caused a domino effect with LTNC maintaining good compliance with their Agreement's, as it relates to these reserve shares.
These reserve shares are allocated out of the treasury and are not issued.
Better attention is spent to the company's shares outstanding and float. That is the only thing of significance NOT this A/S baloney. DUH!
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM