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FFF...it appears to be a 300 to one

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Renee Member Profile Renee Member Level 
Tuesday, July 24, 2012 7:08:04 PM
Re: flaflyersfan post# 28868 Post # of 45582 
FFF...it appears to be a 300 to one forward split for the convertible debt holders but not for the retail shareholders.

Thus, the reverse split for retail remains at one for 300.

Why not just issue more shares to the CD holders without the confusing rollback that only applies to the CD holders but not retail.

Differentiating within one class of shares is likely verbotten.
BioNitrogen would be better to create a Class B of common shares or Preferred Shares convertible at 300 to one common to replace the one class of common shares the CD holders possess.



To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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