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Re: trader guy post# 26604

Thursday, 07/30/2015 6:46:18 AM

Thursday, July 30, 2015 6:46:18 AM

Post# of 84311
Increasing the AS from 1B to 20B and still needing at least 55 billion shares to fully convert the debt most certainly means that even if you were right about the note (you're not), then Command Center has every right to sue because the share structure is still inadequate to cover debt. Furthermore, Schadel has said on several occasions that the note holders require up to 5x conversion liability in the AS. Do ya think the SEC will allow a 300 billion AS because Schadel is special for having "positive cash flow" by not paying his notes?

RS / BK coming