InvestorsHub Logo
Followers 3
Posts 266
Boards Moderated 0
Alias Born 05/23/2016

Re: seek the light post# 27500

Tuesday, 08/16/2016 1:04:57 PM

Tuesday, August 16, 2016 1:04:57 PM

Post# of 30990
How do we know the two convertible note holders sold all stock they received except for the 16.8 million shares they received in July? I find it extremely hard to believe they sold all previous shares to the public... without shorting before they received from the company.

They did not sell the shares leading up to the shareholder meeting where Management was able to vote any and all shares owned by them in excess of 10 percent of the company stock.

They were/are scheduled to receive another boatload any day now if they have not received them already.. probably another 50-75 million, maybe more if this is negotiated as badly as previously.

My take is they will be selling a lot of shares and if they held more than the 16.8, as I suspect.. they will be selling more shares than the market will be able to absorb without sinking the stock price big time.

Maxim is back.. look out below!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.