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The profile you need to search for is "Janiceshell".
If it is a R/S buying after it would be better than holding through it.
Yes, definitely. I wonder if Pearl is going to "clarify" her plan before or after June first.
Maybe you should post more of the messages on that board. Rest assured, my posts are still there, as a few people who figured out how to do a proper search found out.
Janice Shell's RB posts removed?
You've turned nasty and disingenuous, White.
Maheu stated that the value of the company lied within its assets.
Well, he's right about one thing: the company lied. Many times.
if you own the shares june 1st
every 10 shares you own they will be 1
And what mechanism will be used to accomplish that? Pearl can't just tell brokerages to reduce their clients' holdings by 90%. Far as I can tell, the only way she can ensure that all shareholders take advantage of her "offer" is to do a reverse split.
they can sell if they don't want to automatically exchange 90% of their common for a debenture before the x date.
Oh yeah, and there is no ex date because this isn't a dividend.
HUH???
they can sell if they don't want to automatically exchange 90% of their common for a debenture before the x date. this came from the Head Office today. Rick C
LOL!! Pearl can't ORDER people to sell.
THEY ARE REALLY CONSIDERING MAKING THE DEBENTURES AUTOMATIC TO EVERYONE TO KEEP INLINE THE GOAL OF THE COMPANY TO REDUCE THE SIZE OF FLOAT.
lol, no surprise there. But how, exactly, do they plan to do that?
My point was merely that the debenture is a better deal than the stock and the deals are structured to create a smaller float, which would increase the share price.
Not quite. This deal is obviously intended to "create a smaller float", but as it's currently "structured" it won't create an o/s 90% smaller than the current one.
Can I keep my share or they will steal 90% of them on Jully 1st?
lol, that reduces the question we've been discussing to its basics.
The answer is that we don't know. Pearl hasn't explained how she plans to do this.
Maybe I'll try it. It certainly would be easy. And you could eat a lot of 'em without worrying about, um, fatteningness.
That sounds good. But how did they prevent the zucchini from getting.....floppy? Were they sliced relatively thick?
Well, gump. You have to admit that Buddieeeee is a bit....eccentric.
lol, Buddieeeee is a woman. She's always been like this.
Frizzy and his little helpers are still behind with their faxes. Guess they decided to take the weekend off.
I understand very well how the law works, Buddieeeee.
And the Ecclesia.org people are total whackjobs. Frightening.
LOLOL!! I don't own any of this little piggy. I'm just here for the fun. Pearl's a riot.
I'm sorry, Buddieeeee. That makes absolutely no sense whatsoever.
WTF do UFOs have to do with CMKX? Apart from the fact that most of the True Longs are likely to believe in Alien Abduction.
Of course they HAVE been most thoroughly Probed by Urbie.
Sounds excellent!!
Well........I can't say I'm crazy about rhubarb....
As usual, you keep saying "if this is not a scam". Aren't you interested in drawing some conclusions about that?
But we're straying far from my original point. Which in any case is probably moot: it would be so disadvantageous for Pearl to allow shareholders to choose whether to accept the exchange that I believe she'll soon change her mind about the whole thing.
lol, and YOU think a company run by the former president of the Dominion of Melchizedek is NOT a dicey prospect?
Yet, you constantly argue that dilution makes one's percentage of the o/s a meaningless thing.
Of course it does, if you hang on like a soi-disant True Long. I'm talking about a very short term play here.
Pinkies should ONLY be played.
Um, how, exactly, did I contradict myself?
you argue that there is dilution and yet, you are arguing that the debenture would not be the better pick even though it would be "protected" from the dilution issue.
You need to reread my posts. That's not what I'm saying at all.
rrrrufff....I have the sneaking suspicion that you still haven't understood what stucks, Jim Bishop, I, and others are saying.
Well, that's your choice. But I don't think it's even slightly logical.
Yep, exactly.
The smart money longs would bet the loyal longs will opt for the debenture. With the reverse, the price should see a small upwards adjustment.
Perfect for the smart money to cash out.
Well....I wouldn't assume anything about what's likely to happen to any Pinky within the next five weeks, let alone the next five years.
LOL!! Such is the power of the diploma conferred upon you.
You're not thinking this through, rrrrufff.
And yes, there'll be more dilution. So the more stock you have, the better off you are. In any case, I think the correct play would be to sell almost immediately, if stock price rises appreciably.
lol, you'll always have your gazillion shares of preferred to play around with.
My God, Pearl's made such an awful mess with this stuff.
Doylestown's not far from here; getting pretty built up now...
Don't hold your breath.
Yes. And now the threat of bird flu must be making it even harder for small chicken farmers.
A bird in the hand....
And you'll have the preferred anyway.
Sounds....delightful...
lol, where is it?
I'm sure he's just been busy with something else.
plus you can convert the preferd shares as well...
The preferred has nothing to do with the debenture thingy.
By taking the debenture, you get the fixed return (again, assuming it's not a scam for the sake of argument) and you keep 10% of the shares, which would participate in any low(er) float runup.
And if you don't take the debenture, you're left with 100% of your shares, while many others have only 10% of theirs. Effectively, those who opt to accept the deal are accepting a de facto r/s. Those who don't accept will not be subject to that.
This is a real no-brainer.