Saturday, November 07, 2015 3:58:31 PM
The shell allows the other company to trade on the exchange, and what the shell offers in value to the company is the ability sell a large number of common shares to generate quick cash/operating money. A large percentage of the shares sold in this situation are just to cover administrative costs in terms of executing the transaction, lawyer fees alone probably 30-40%
So, lets not pretend that there is no chance we are going to see some debt convert here. OS is tiny as I posted today (150M range)
With the 650M AS lets not pretend they are going to keep the OS at 150. BMAK has been in the box every day, or this would be well over a Penny
Im sorry that i am so skeptical, Ive only become this way after riding a half dozen very similar plays
I hope they let this run, that could be fun
BigCheds
Cheds Trading
* May your trades turn out well and bring you profit - Good luck *
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