![](https://investorshub.advfn.com/uicon/123861.png?cb=1494451232)
Saturday, October 29, 2022 10:22:26 PM
I did not learn anything new that was not in the bad filing that we received on massacre Wednesday, the damage to the pps is sad, just IR-type of official responses.
1. Notes needed to be converted to clean up the company
2. Investment bankers/financiers will not invest/finance BOXS with the convertible notes on the balance sheet, they need seniority in debt hierarchy
3. Converted shares will not hit the market all at once, any selling will be disclosed in filings - no filings so far
4. Selling after this week's filing was retail traders and the value loss was incurred by all including BOXS IR and insiders who own common shares
5. There is no plan for an R/S, they reserve the right if needed (but the market got spooked anyways) to uplist to a national exchange where a different group of investors can buy shares. OTC is mainly retail and will not take BOXS where it wants to be.
6. I asked if the note holders would be willing to sell their block of shares, he said you would have to ask them as it's their personal finance decision
GLTA!
Buy cautiously and sell reluctantly. All of my posts are In My Opinion only based on the DD I have completed. Please do your own DD and make your own decisions.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM