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Alias Born | 10/07/2010 |
Wednesday, October 19, 2016 11:41:45 AM
Do you understand how convertible notes are converted? It is NOT $309k worth of notes converting to 300K shares. they are converted at a much much cheaper price - which in this case could represent BILLIONS of shares. Dilution is far from over if Ray Barton's notes are here. And also worth mentioning the debt notes bought up by V2IP that were settled as free trading shares - with Ray Barton's other scheme where V2IP had the same type of notes V2IP breached the contract (according to Ray) and within days of that announcement the stock is no bid.
While I think the beer company might be a tad more solid than the other bogus company - the dilution will kill it. Hopefully since these guys have been putting in sweat equity on the beer place they won't lose it all. Climbing into bed with Ray Barton will turn into the biggest mistake they ever made - IMHO!
Also worth mentioning the same lawyer was used for both of the schemes and the other scheme the attorney has been removed from the profile page. So something is going on behind the scenes.
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