InvestorsHub Logo
Followers 27
Posts 1791
Boards Moderated 0
Alias Born 10/17/2010

Re: spiritthing post# 2524

Saturday, 11/09/2013 12:34:18 AM

Saturday, November 09, 2013 12:34:18 AM

Post# of 9558
The current report filing issued Marvin the stock option at $0.055 per share for his 1 million dollar loan to the company back in 2007. He took the stock deal cause he knows first hand how this thing is going to start to fly pretty soon. It is claimed that the converted value of the stock should be at $10.00 per share.

According to the Seethruequity research firm mistakenly and miscorrectly stated that a possible dilution in stock price might occur with the issuance of stock at a price of 67% below what it was trading at on September 16th, (which was $0.065 per share at that time). Instead it was issued at less than 30% of its current price, ($0.078 per share), or 15% less than $0.065 per share at that time, (or as reported $0.055 per share).

I hope everyone sleeps well this weekend cause I know I will... :)