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Thursday, April 07, 2016 8:30:36 PM
For example.
We hit 2 cents and ADMD decides it's time to r/s and uplist for 1:300
In this case with Cadwell.
His preferreds convert (just as the PR states) to 305,929,000 common worth a net of $6,118,580.00 at 2 cents but these shares will be part of the r/s too so he'll end up owning only 1,019,763.33 instead at a PPS of $6, instead of 2 cents PPS, also worth a net of $6,118,580.00.
The preferred's will be subject to r/s just as the same as the common.
This is why I call it the insurance policy for common shareholders. Cadwell converted his debt to shares equal to 1.5 cents PPS common. If he votes to r/s any earlier than that - he's losing money.
Cadwell isn't interested in losing money just like the rest of us so he'll keep funding and making decisions to take this company to success, which is what is happening as we speak!
GLTY
$ADMD
I don't believe in pessimism. If something doesn't come up the way you want, forge ahead. If you think it's going to rain, it will.
Clint Eastwood
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