Pazoo Inc. (PZOO): Which LG note was it? I assume the one...

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Alan Brochstein

Re: None

Thursday, 10/01/2015 11:41:04 AM

Thursday, October 01, 2015 11:41:04 AM

Which LG note was it? I assume the one for $47,500 issued a year ago, but there was one issued in May too for $63K I believe. It is listed in a recent filing.

It begs the question: Why would someone invest in a Preferred stock that has a conversion price 2.5X the current price??? Maybe we will find out more when the company files the 10-Q in 45 days or so.

PZOO will need to find more investors, as there are lots of converts coming due and the company won't generate positive cash flow in time. If it can do so, then the price won't fall as much as some fear, at least for now.

The news is good on the surface, but the stock isn't reacting at all, holding .0040 but with only $5000 of trading value so far.

Good luck, longs!

If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.