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Drunken Sailor

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Drunken Sailor

Re: pitts77h post# 32

Thursday, 11/13/2014 5:08:03 PM

Thursday, November 13, 2014 5:08:03 PM

Post# of 74
There will have to be another capital reorg as they can't issue shares below nominal, although Bergen worked around the issue last time it happened by converting at nominal and then getting gifted a load of "fee" shares. When I spoke to the Nomad about this he agreed it was rather naughty - so why did he allow it to happen then!

It will be interesting to see what happens in the New Year as I am sure Bergen will be champing at the bit to convert more to dump again then - the deal they have ensures they can always dump at a decent profit as long as there are enough mug punters around to take the stock.
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