LOL. Exactly!

So what does this mean exactly? Does an RS normally only affect outstanding shares and not authorized?

And also, IF you decide to convert any additional preferred shares at 1 per year after the initial one, you forfeit all future dividends on your remaining preferred shares. They do have some restrictions in place to help regulate all this, which I think is good.

The guy who bought more after getting his cert should have waited until he was done buying. But maybe he got more because it pulled back so far. No biggie. You just mail it back and they will reissue it.

There are no guarantees bro. Anyone who thinks that is being too optimistic.

If anything needs adjusting or needs to be corrected on a cert you need to mail it back before they will issue an updated one. A few I know of we're printed incorrectly and they will not reprint until you send it back.

I am absolutely realistic bro. I am not spouting nonsense about guaranteed $250k for 7500 years making fun of the whole thing.

And like I said, no one knows where the pps winds up and yes it could go to $5! I hope it does. But the point is these shares are being given to us as a part of the process to uplist. There is nothing to lose here!! Best of luck to you.

As long as you mailed back your cert to get your adjusted one and you let the company know that is what you are doing you should be fine bro.

Get out of what? Collecting divys on shares he got for free? Yeah, hurry up and get out of that!! LOL

I don't have to look it up. I know that is how it works. You can opt to convert 1 preferred to commons each year. Or, you can collect dividends on your preferred shares. Pretty simple.

I have been trying to answer him too, but proving to be fruitless. Thanks for all that you do here Digi. I was on the CC last night. And I am in same boat as you and can't wait for this to play out! Have a great weekend.

You can only convert 1 preferred for 100k. Then a max of 1 per year after that at the current pps. It is completely realistic and will happen IMO.

You don't get it. I suggest you attend a conference call or call Jay King directly. He is always happy to discuss and explain.

Are you for real? They have a NOBO list. Emailing a screen shot is simply to claim your preferreds. Have your lawyer look at what? LOL. A screen shot showing you spent x amount on shares of ARNH? You aren't sending ss# or account info etc. there is nothing for an attorney to look at here. You are way over thinking this.

I hope you guys are right. I did email Howard about a possible opportunity and he replied right away. He was out of the country and returning this coming week. We shall see if there is anything planned here. Hope so.

You guys are all unreal... As if this hasn't been discussed a million times already. They are not doing an RS and continuing to trade on the OTC. That is the point. They are protecting us with preferreds before the split, which is a part of the process to uplist. As if you don't already know this and you aren't just causing trouble like you do all day long every day. Smh

LOL. That was one company that does these type of deals. I didn't say they were the only or best one. I know nothing about them. Funny though. :)

They will be supplying a list of firms that will accept our shares. Discount brokers like ETrade etc. will not. We confirmed this yesterday. Alpine Securities is one that will, we are told.

Question was about being taxed. I will post my reply below but NODOUBT wasn't believing me... He thinks he heard on the CC that you will be taxed on $250k when you get them, which cannot possibly be what happens. Thanks Digi.

Re: NODOUBT111 Post# 65488
Only if you choose to sell the shares will you be taxed on the then realized gains. The rate will be like 40% but you can't be taxed on them until you sell them and turn them into cash. It would be impossible for them to tax you on unrealized gains at some predetermined rate having no idea what the value will be when you decide to actually sell them. Makes no sense and not how it works.

I cannot imagine it could ever work that way but maybe Pro or Digi or JC can help here? Have a good night NOD.

$2.50 is simply the opening price for the SPO, it will fluctuate from there like all stocks do.

Only if you choose to sell the shares will you be taxed on the then realized gains. The rate will be like 40% but you can't be taxed on them until you sell them and turn them into cash. It would be impossible for them to tax you on unrealized gains at some predetermined rate having no idea what the value will be when you decide to actually sell them. Makes no sense and not how it works.

You can't be taxed on unrealized gains. Until you sell your shares, any gains you have are unrealized.

I am optimistic, but not banking on any of it just yet. My take is at this point there is nothing more to lose. They are not asking us to buy tons of shares and invest large sums of money... For a few bucks it is worth the shot. And if you are already in, there is nothing to lose by emailing the company for the preferred shares... Sure it all sounds too good to be true, but someone makes money on every IPO, and it is never the common shareholders... Just maybe we were in the right place at the right time for once and have an chance to be like an insider and make some real money Pitt. Ya never know bro... GLTY.

You divide your total investment by 2.5 to get the number of preferred shares. Has nothing to do with how many common you own.

Smart money? LOL. You still have time to invest all of like $12.50 to take advantage of this deal... Or you could spend that on lunch... Up to you...

I agree with Hok for the first time! LOL. If you are not already in then you buy a minimal amount solely for the 1 convertible share. Too risky otherwise.

The div is 30% of revenue from business assigned or allocated to the D shares. (not sure how that works) Then divide that by the number of D holders. So bottom line is there is no way to figure it out at this time.

I don't blame you Beno. Watch it play out. The company restructuring this mess are the ones in charge now though. GLTY

From my understanding it is based on a percentage of revenue dedicated to the class of shares we will get. No way to figure out or estimate at this time.

The CEO isn't running the show currently though. This is a whole other thing now.

1 or 2 depends on invested amount. Hasn't been a concrete amount for that but it was mentioned like over $10k you may be able to convert 2. Also after 6 months you can convert 1 per year but if you exercise that option you lose dividends on all remaining preferreds.

Awesome post Rigg!

Thanks Digi!

Maybe this is different than the other deal I am involved with doing a similar thing.

Pro or JC, can you confirm this? Thanks!!

That's what I'm saying. Don't have to risk much for the chance. And if you already in, it is free. GLTY

Correct, if you still own them as of 5/20.

Preferred Certs have been mailed and received by many. Yes. And I am with you bro. I am certainly not convinced it will make me rich. Not yet anyway.

I know. But because not everyone will take the chance, some will dump. Not everyone will send in their proof for the preferred offering either. But for those who already own it, it costs nothing to get your preferred. And if you don't trust in the future dividends etc. then sell most of your shares if you can. It doesn't say there is a minimum to get preferred and then convert 1 for the SPO. I know it sounds too good to be true, but it is either free for those already invested. Or next to nothing to buy a few shares to become a holder as of May 20 to be eligible. I personally don't know if it will all work out. But I have seen these guys start this process for another company and so far it seems legit. Time will tell. Good luck to you.

And the new company will depend on the new common holders from the conversion of the preferred being issued.

Based on total invested. Divide by 2.5 to get preferred share count. 1 will be converted for SPO, into 100k common at $2.50 per.

It is the 100k commons from the 1 preferred you are able to convert that are priced at $2.50 per.