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Read the PR again, it isn't iceberg lettice, it is Red and Green leaf.
But all signs in the pre14d say it is coming in order to free up shares for financing....
What do you mean they take over the company? They already have overwhelming majority voting power. They already control the company and that pre14d is basically approved even if every single common shareholder votes no, it doesn't matter.
It is amazing the amount of information you can get just by simply reading the filings. Next up, dissecting the proposed compensation plan they want shareholders to "vote" on.
Bakersfield too.
Not exactly...he also said if needed for financing. Also, read the reasons (all of them) described in the pre 14d.
Reverse split for up listing only my ass....
They want shareholders to "vote" to give them authorization to enact one or more R/S by July of 2017.
Yup, I was so wrong when I claimed way back in January that the preferred B shares do not reverse split along with the common shares and that the conversion ratio would remain unchanged. Yup, Sleek was correct when he said I was 100% wrong. LOL
The only warning you have it the SEC announcement at about 9am of the day of the suspension and no bid or ask show up.
The recall is discussed in the latest conference call.
Ok...here is the issue.
Say the common shares are trading at .2.
So 100 C shares would be worth $20.
Series B Preferred convert to common C class share at approx 5 for 1.
So 100 B shares are equal to 500 class C shares and at .20 are worth $100.
In the event of a reverse split, the B shares don't reverse split and still convert at approx 5 to 1.
So say a 10 for 1 reverse split would give the common shareholder of 100 shares 10 shares at $2 would be worth $20 but the B class owner would still have 100 B shares that convert at 5 to 1 that equal 500 post split shares at $2 gives the preferred B owner $1000 worth of shares increasing his value 10x while the common shareholders value initially stays the same post split.
And who owns the preferred shares? Hint insiders.
The more things change the more they stay the same....
Where did the $50 million go?
Does that get adjusted for a R/S?
Wow, great detective work there.
And what would it do? Nothing. Want to revolt? Sell your shares or sue them. Those are your only options.
Mr. GM CEO will tell the public that they halted production if they had quality issues though. Bad example.
Sure looks like a suckers bounce to me. Look out below on Monday.
What about CO2 extracted shatter and wax?
Alternatives to TRTC? Hogwash. There are no alternatives to TRTC.
Enjoy the ride.
False. R/S can happen whenever they choose. Nothing to do with Nasdaq.
Sorry, but there are no regulations that need to change in order to enact a reverse split. All that needs to happen is the BoD sign off on it.
They technology aren't over the A/S yet. The fully diluted number is though. That number is including shares spoken for upon conversion of convertible notes, warrants and prefer shares.
Common shareholders have basically no voting power.
Why bother. IR guys are nothing but used car salesman.
Do some DD and mske some phone calls....
What is funny is I brought this up in January....
It was pulled from the shelves and put on hold for practicality an entire qtr is basically a recall and shareholders should have been kept in the loop.
I talked about it waaaaay back in January, and then again in April when the proxy came out. The things that are missed by having people on ignore.
Late rally is to sucker in more bagholders on Monday.
Why bother. Common shareholder's votes don't matter.
$75 million dollars worth or dilution is also imminent. DP also said they would reverse split if needed for financing. Do the math...
It clearly asks for one or more reverse splits. ...
Those letters almost looks like the many classes of preferred shares
The Rosen Law Group
Unless you are an evil manipulating naked short selling MM, then it is just sell sell sell.
Did I hear that cat skreech as it bounced?
Yup, I was wrong all along.