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Alias Born | 08/19/2009 |
Wednesday, February 15, 2017 10:55:44 PM
I recalculated with the most recent known numbers and this is what it looks like today:
Fully converted to common at the current price is an OS of 72,812,778,133! Almost 73 Billion shares! That assumes the Preferred A and B convert 1:1... which I highly doubt is true!
Current shareholders own 2,244,589,633 shares.
After all the dilution that is 3% of the company (not 1% as I previously calculated)!
97% of GAWK is owned by the preferred holders, not anyone buying the common shares!
What is an appropriate value of 3% of GAWK?
Well, I think the massive conversion and daily dumping below .0002 answers that question... think about it... why are they unloading like drunken sailors?
I welcome anyone who wants to challenge these numbers...
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