WronGGG, KSIX is loaded with toxic FLOORLESS CONvertible debt, loaded to the eyeballs.
And as an SEC reporting company, that means the holding period is only six months (nott twelve, as it is for Form 15 filers) for the toxic note holders to be able to CONvert directly into UNRESTRICTED, FREE-TRADING shares so they can DUMP them into the market on the same day they CONvert the debt in numerous, painful tranches that bloats the FLOAT and OS and runs the PPS into a FLOORLESS CONvertible Death Spiral.
An SEC reporting pennyscam just means the toxic FLOORLESS CONvertible financiers, like KSIX's notorious TCA, only need to wait 6 months for the CONverible debt to be CONvertible directly into the FLOAT and BLOAT the FLOAT and flood the market, causing the toxic FLOORLESS CONvertible Death Spiral sooner, whereas Form 15 filer companies have a 12 month holding period for 'aged debt'.
Pretty simple really. These toxic FLOORLESS CONvertible scams are all over the pennyscams, both reporting and non-reporting. Reporting just means the Death Spiral can start sooner and spin tighter before the drainhole.
And TCA is notorious for toxic FlOORLESS CONvertible Death Spirals.
Indeed, many to most toxic FLOORLESS CONvertible financing agreements, including KSIX's, REQUIRES the Company to remain fully reporting so the toxic lender can CONvert and DUMP at will. The financier DEMANDS that the SEC reporter remain reporting, so they can CONtinue to CONvert and DUMP directly into the market.
BAM!!! FACT!!!
