InvestorsHub Logo
Followers 1035
Posts 54441
Boards Moderated 0
Alias Born 03/29/2004

Re: Sprycel post# 18304

Thursday, 10/20/2016 12:44:42 PM

Thursday, October 20, 2016 12:44:42 PM

Post# of 26928
Unfortunately you have not been in touch with our CEO. You are 100% incorrect in your assessment of how this deal was organized. This is a private Equity investment with shares purchased at or above market price. These Shares are restricted for a period of one year, as were the shares purchased by the Scotti Brothers and other private Equity holders. It's also extremely unfortunate that the outstanding share count and authorized share count is being given far too much attention. The company has absolutely zero interest in increasing the share count. Private Equity investors would never have made an investment at or above common share price, if there were any concerns about a reverse stock split or an increase in the authorized share count.

The float is locked up tighter than anyone realizes. I myself own nearly one-quarter a billion shares and I will be purchasing twice that amount as soon as volume and momentum occur post acquisition. You do realize this is one in a series of acquisitions correct? And to date, there has been no toxic pollution, no convertible debenture offerings or pipes. Christopher knows what he's doing by way of seeking investment from private Equity holders putting up their hard-earned money and receiving shares at or above the present trading market price. These investors do not intend on selling their shares and are prohibited from doing so for a period of 12 months. They are in this for the long term