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Remember that they are anti dilutive. If there is a reverse split of any kind, one still has 4000 series E shares worth 100K each. If a company really thinks that there is new hope, then they are bound to do a reverse. That was they whole reasoning for issuing the free shares. If a reverse happens (at any time now) then that $200k is going to look mighty cheap and it will be me who wishes I had not done that, but I am right short visioned as I need the cash to pay off debt.
Is it the ones they gave you or are they series E? The ones that you could purchase? If the ones they gave you, nothing till they allow it. And then they stated that more than likely one would never be able to allowed to cash more than about one share. If it is the series E then they cannot stop the request to convert to common. However they can control how many a person converts at once. This is for two reasons. To avoid a flood or dilution and to prevent one from owning more than 10% common which makes that person an affiliate.
With that said I have 4000 series E shares each convertible to 100000 common. Now that there is activity I will sell my cert to anyone for $200k. Offer is good till the price hits .001. I have all the paperwork to prove gow I got them.
Exactly
How is going from .05 in July to .003 now a "dip"?
Seems like if I can buy all of them at true zero then I can buy a lot of shares for next to nothing.
So someone sold shares and now it truly is zero?
Grr. This is getting old. Time to tar and feather someone.
Yeah. Nothing. And when it does, my past experience with paper certs is we will have a difficult time cashing them. This because the broker wants to know every little detail how we got them. I mean there had better be a good paper trail.
Where is the news located?
All from my past experice, not necessarily the same now.
In most cases you must get a letter from the company stating it is OK to cash a share. To get that letter the person must petition the company that they want to convert. Then a copy of that letter and a copy of the cert must be sent to an attorney who gives an attorney opinion. It costs $250. Then you must send the cert and the opinion letter to the transfer agent, who charged me another $100. Then they mail you back the new class c shares cert plus a new prefferred cert that has a share less than before. Then the person has to find a broker that converts paper shares. The higher the share price the higher the percentage of brokers. Nobody will convert them under a penny. Then set up an account. Then sell at 10% commission. All the while in a deal like this with ANDI everyone else will want to sell one preferred at the same time dropping the share price before your very eyes.
Lol. Yes to cash 1 would put me ahead. Unfortunately there are additional risks money wise just to get it to cashable.
Correction. Today's share price would make the sale about $10k. Even after taxes I still would be ahead considerably.
Lol. Yes it seems like an unrealistic number. However the company has the right to control the introduction of the preferred shares back to class C shares market. These preferred shares in particular the company stated up front that it might be a long time coming when we could cash even one. It depended i belive by how much initially had invested. And even longer for the rest. They also stated that the window of opportunity to convert the one share would be limited. Those to me certainly could be viewed as negative. The positive side to me is one share converted to 100000 shares is $30K or so. After taxes that would certainly be a tidy profit.
They are supposed to be anti dilutive. 1 For 100k regardless. Never say never of course.
Can someone please tell me the spinoff company that AGTK made? What is the ticker symbol. TIA.
Are the preferred shares still 1 For 100k ?
Im in at.0004.
Well this is getting frustrating.
So it just happens?
Who do you have that allows a 5 trip order? Etrade won't let me set am order at less than .0001. Or even .00015 for example?
Thanks. 657 shares I guess I have. Lol.
Yeah that's right. We got some dividends for the 800 company. Just looked in my etrade account and don't see anything, but it was there at one time. I lost track after I sold maybe a year ago, but kept on the email distribution. Checked in from time to time. Now with MF back I have taken up a small position again. But what happened to the 800? What is the ticker?
Isn't that a double speculative? Confident and possible?
Oh sorry 185 million. Still the same question? If you have 100 I maybe should of had 25. I guess I shouldn't complain. Lol.
Thank you again. I, do remember the fuel cell discussion. I also see the .8 alike on the graph. What I don't see is how after the dust settled, we both have the same number of shares. Worthless as they may be and a bad investment to buy more, aside, how is it that I too have 100 shares when I started out at 400K shares? I will have to go ask Etrade.
Thanks and I understand. However that is not quite the answer I was looking for. If you started with 185K pre split and I 400K. How did we both end up 100 after?
Hello. Looking back to 2013, I owned 400,000 shares of ARSC that including commissions, I paid $60 for. Pretty small dollars so no big deal. But after reverse it was not worth the commission to sell. So I hung on to it. Now it seems like some life and trying to decide if I should by more to at least recoup. But I am curious how if you now only have 100 shares but started out at a 185,000 and I started out at $400,000, why I to have the same 100 share count as a remainder. TYIA
Well hopefully it goes back up to the 80 cent level again that I missed. Time to buy it seems.
Hello. I cannot find past split info. I sold my position back in early 2014 for about the current price. Lost track since. But I thought ELTP went through a split since then but I can't find it. TIA
Don't Jinx it.
Lol. I bought 300K @ .0003 including commission. I have $100 in to this. Not bad. Lol.
Lol. I'm talking about my own personal gain for RDSH.
Try 7850%.
I was only answering the question. Not my opinion.
Legal opinion of these preferreds or legal opinion in general for one's preferreds of any company? No to my first question, yes to my second question?
1 preferred share converted is 100000 shares common. If a R/S were set such that a final pps were $1 dollar, my thought is that all shareholders who own series H shares and sold at $1 would be ahead. Without a single additional share being converted. Yes we will have to wait and see. As of now doing a R/S with no revenues to support would only cause the share price to plummet faster than anyone could convert. Even if it was only one share.
You guys are missing one thing. Regardless of the preferred share series i.e. H or E or whatever you might have, the company will control the flow of their conversions back to common. In the case of H series, they have already stated that if ever allowed, then only one share would be allowed for quite sometime, if ever again another. So then all the rest of the H shares effectively become worthless..The series E will be controlled such that a person cannot convert more than what constitutes as 10% of the A/S in any one conversion. The bylaws never stated this but based on another company I own preferred with I believe this was only an oversight and will be back implemented to avoid a flood.
Is there done reason that Betty White can't? Did she die?
Ready to give them up?