1. What was the main reason Sixty Six went public?
why this question? This is an easy question for him to deflect, so understanding WHY you ask it is important
>>Two leading reasons for companies to go public are: (a) early investors and/or insiders seek to sell shares or (b) company lacks access to capital via loans. I presume SSOF's thinking is more along the lines of (b), but I think people could benefit from knowing what the constraints were that they faced as a private company and how being public alleviates those constraints.
2. What attracted them to the MMHC shell, which was so heavily encumbered with convertible debt?
Solid question
3. Why do the SSOF books still show the convertible debt, in contrast to the press release that said it would be renegotiated as non-convertible debt with first payment Sept 30?
Im addressing the NOTES, but thanks for the specificity. Think I know his answer on this, but will report back.
4. Who now holds the debt?
same as before
>>Yes, I meant the notes.
5. What are management plans for their A-1 shares?
again, please let me know WHY this is important to you in case he deflects
>> The A-1 shares convert into commons such that if there were, say, 1B shares outstanding, then management would get 4B shares (such that management ends up with 80 percent of the shares and other shareholders get kicked to the curb, holding only the remaining 20 percent of the shares. It would be good to know why they have those and in what sorts of situations they feel it would be beneficial to use them.
6. SSOF has nearly maxed out its O/S relative to its A/S. When SSOF wants to issue more shares, do they envision doing an A/S increase, a reverse split or both? What does management see as the pluses and minuses of each approach?
Good question
7. How did it happen that SSOF came to adopt MMHC's attorney as their own? Is Jackson Morris SSOF's main attorney at present?
do you have any dirt on the attorney or is this a basic question >>I will defer this question to WarMachine. I'll also note that Jackson Morris has been around ever since the latter days of the PROW ticker.
8. How many common shares do management hold?
will see if the # has changed
9. Does SSOF have an actual bricks and mortar corporate headquarters? If so, what is the address?
will do
10. What is Ken Bland's ongoing involvement with SSOF? Is he still a large shareholder? Advisor? Affiliate?
please let me know if you think Ken Bland is good or bad in your opinion first>> If you look up a 5-year chart, Ken Bland is the reason it slopes down like it does. He was CEO of MBHC and then he seems to have been lurking in the background on MMHC, and I gather from the CEO of the Greek Restaurant in Toronto that Ken Bland was involved with that deal as well (though it never got off the ground). Important to know exactly what Ken Bland's role is these days.
I am obviously NOT an investment advisor.
