SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Miscellaneous > Gawk Inc. (GAWK)

Let's discuss the share structure here...

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Stock Barber Member Profile
Member Level 
Followed By 204
Posts 22,600
Boards Moderated 14
Alias Born 08/19/09
160x600 placeholder
Stock Barber Member Level  Monday, 11/06/17 01:46:46 PM
Re: None
Post # of 6607 
Let's discuss the share structure here...

There are 4 categories of preferred shares in addition to the 6.34B common shares out already.

For illustration purposes, I will only discuss just 1 of the 16 preferred C shares issued. If that share were to be converted at $.0001... it would result in 10,000,000,000 (10 Billion) new common shares! And remember, there are 16 of them! (and 2 more Pref C's were just recently issued so it is not a stationary number)

Preferred A - 1000
Preferred B - 68,187,500
Preferred C - 16 (each share convertible to $1,000,000 worth of Common Shares)
Preferred D - 21 (each share convertible to $100,000 worth of Common Shares)

It is very clear that current common shares are effectively worthless... and why NO BID is the norm here...








Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist