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Re: shotsky post# 33067

Tuesday, 05/23/2017 5:17:52 PM

Tuesday, May 23, 2017 5:17:52 PM

Post# of 61601
You are assuming the RS will allow them to pay off the toxic debt. But the toxic debt is around 20M, so converting another 375M shares will only yield 8M or less as it did during the last dilution cycle because the lenders will short the F**K out of the stock once the RS is executed, thus driving the price down. That way they make money one converted shares and on their short position. Therefore, the only winners are the debt holders and ICLD. The shareholders will lost 50% of their equity near term. The RS is not a good solution. The better solution is to refinance the toxic debt and then do an RS later for the sole purpose of increasing the PPS for up listing. The lesson here is that an RS for to create shares to pay debt is bad., not good!