Friday, December 11, 2015 10:51:11 AM
They "signed on" because it was a PUMP!
Get real, Burn.
They pushed this fantasy so that less savvy investors would see this as a $5MM Line of Credit, as in a source of funds with only the cost of interest.
But this was NEVER a "Line of Credit" (LOC), as it is often referred to out here!
Even IHSI doesn't call it that- they call it a "Line of Equity Financing."
Personally, I call it a Line of Accelerated Dilution (a LOAD), given the $150K (1.5 BILLION share) "commitment fee" and toxic discount for "put" shares from IHSI to co-conspirator GHS.
Technically, it's a PIPE- a Private Investment in Public Equity.
But it's at terms that are toxic to IHSI.
So there you have it... it's a PIPELOAD! (Private Investment in Public Equity Line of Accelerated Dilution)
Only intended to briefly pump up the price and allow more toxicans to cash out- never expected to really happen although if it had, GHS wouldn't have minded and only retail would have been screwed.
As it worked out, the pump of the PIPELOAD FAILED.
Oh, well... y'know what happens to PIPELOADs, don'tcha?
They get SMOKED UP!
Best to all.
Get real, Burn.
They pushed this fantasy so that less savvy investors would see this as a $5MM Line of Credit, as in a source of funds with only the cost of interest.
But this was NEVER a "Line of Credit" (LOC), as it is often referred to out here!
Even IHSI doesn't call it that- they call it a "Line of Equity Financing."
Personally, I call it a Line of Accelerated Dilution (a LOAD), given the $150K (1.5 BILLION share) "commitment fee" and toxic discount for "put" shares from IHSI to co-conspirator GHS.
Technically, it's a PIPE- a Private Investment in Public Equity.
But it's at terms that are toxic to IHSI.
So there you have it... it's a PIPELOAD! (Private Investment in Public Equity Line of Accelerated Dilution)
Only intended to briefly pump up the price and allow more toxicans to cash out- never expected to really happen although if it had, GHS wouldn't have minded and only retail would have been screwed.
As it worked out, the pump of the PIPELOAD FAILED.
Oh, well... y'know what happens to PIPELOADs, don'tcha?
They get SMOKED UP!
Best to all.
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