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AS increase if any will not be significant because there is not enough debt in the books to justify it.
Also an Increase in PPS lowers the amount of shares required.
When we know the current OS and after this moves to a fair PPS we will be able to calculate whether the remaining shares in the AS are sufficient.
Till then , anyone claiming the AS will double is simply misleading people.
If you are worried about changes to the AS, just keep your eye on the following link below for any changes.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=ehW3MQKVi6jySiT8%252bgJ%252brA%253d%253d&nt7=0
Till then, all this AS talk is premature and of no merit since the next debt is due Feb/2017
It's 25 million shares at .006
Sure the CEO is looking at a multiple of .006 before cashing in.
So multiple pennies is a given here.
Reading this as a very positive move as will most savvy investors IMO.
Buy and hold while company revenues grow.
PPS will follow.
Not smart at all
Cash means he only gets 150k
If the pps is at .06 later
He racks in 1.5 million
He is patient and will grow the company first.
Correct
Accelerate growth of company
Update to OTC markets is what I asked for.
Lets see
Not a dream
Simple DD based on material events and public PR's
3 million in Revenue for starters
Market will adjust
And when we are well over .01 where we will be before next conversion in Feb/17
Thats less than 20 million !
Yep
Anyone who spins the CEO getting 25 million shares in compensation at .006 (500% over market) as a negative should not be investing.
And the CEO via email (see my post) made it clear that the voting rights awarded to ensure control does not affect the AS.
As revenues increase and pps follows the impact on future debt will be limited.
I see an eventually share buy back and uplisting to a higher exchange.
OTCQB is first step once we get over .01 and stay there.
OTC pinks are infected with flippers that do no DD.
Sorry you sold at the 52 week low !
A CEO having controlling interest in his own company.
What a novel idea lol
Excellent accurate summary.
Also if he thinks that 500mil plus his 70 mil (570 mil) will be enough to have controlling over 50% interest in the company.
It Tells me he does not think the OS can grow to the same value plus a share and I am sure he gave himself ample buffer room.
This tells me dilution is under control here and as revenu comes in I suggested he starts using some of it to exercise a buyback of shares while they are under .01
This is a GEM that the market has not noticed yet.
Case closed on that subject.
Just got a reply from Warren.
On Nov 23, 2016, at 10:26 PM, Kibush <admin@kibushcapital.com> wrote:
No those shares are preferred shares.
-----Original Message-----
From: xxxx[mailto:xxxxx@gmail.com]
Sent: Thursday, 24 November 2016 2:03 PM
To: admin@kibushcapital.com
Subject: 8k issued today question
Warren,
The 8k today gives you 500 million in voting share rights.
Does the AS need to increase to accommodate the new voting share rights ?
Regards,
xxxx
Exactly.
Not enough debt in the filings to justify such outrageous claims lol
Plus as pps rises
Less shares needed to service remaining debt.
No worries here
Revenue generating ticker at .0012
Enough said
You think the CEO would have overpriced his shares if he thought he would have been diluted heavily.
Clearly he sees no issue there.
Another clear message sent to the market.
Read between the lines!
AS increase needed to service debt not voting rights !
You think the CEO short changed himself 150k dollars by over pricing his shares ?
I THINK NOT !
He knows exactly where this PPS is going and gave his shareholders a clear message.
Savvy investors will see the writing on the wall and INVEST.
Voting rights and AS have no relationship
Future debt can be converted at higher levels which limits the amount of shares needed.
Your assumption has no footing
Simple math.
.03 / 5 = .006
5 times .0012 = .006
Shares were awarded at 500% over market close.
CEO looking to increase shareholder value.
Not like your typical CEO at all which take shares at deep discounts to the market.
His actions speak volume.
Name me one pink CEO that allocates shares at 500% over market.
You would have to be blind not to see the value of this !
It says CEO is happy to take compensation shares at 500% over market close today because he believes the stock price will be well above .006 in the future.
So he is not a greedy CEO just looking to rape shareholders like most OTC's.
We have a Revenue generating GEM.
Buy & hold for fair PPS.
Pennies are a no brainer here
His action here speaks volumes
CEO gets shares at .03 !
We closed at .0012
He knows where this is heading !
His action speaks loud & clear
See u in pennyland
Holders of .005 have 10 bags waiting at .05 and thats where the fair pps will take us in due course.
Patience is a virtue.
Once we rid ourselves of all impatient retail & flippers we will commence our uptrend.
Almost there
As you can see
Retail sellers last few days
You want to load in the trips, understood
Looks like some limited 12's available right now.
Notice how a few came
Posted for a couple days
And are nowhere to be seen
Follow these guys
All they do is p&d
That group push brought a bunch of them over :(
Takes a few days to flush them out
I think my l2 is quirky
Only 6 mil in volume today !
The idiots holding it down are loading for the next run.
Very easy to manipulate the OTC when volume is down.
Short holiday week also.
Looks like we have very little retail selling down here.
L2 has 1 mil at .0012
followed by 350k at .0017
4.2 mil traded at 12 today
4.7 mil at 11
3 mil at 10
Trending up, slowly
Surprised to see retail giving away there shares this low !
Someone's impatience is someone else's gift.
My first buy was .0035
Have averaged down to low .002's since.
I agree
I asked Warren that he update OTC markets timely in the spirit of transparency.
Once a month would be ideal.
I encourage all communicating shareholders to ask the same of him.
Yesterday
Agree and without the two tick flippers this time around !
That was a great grab.
In due time many will realize that shares at this level are truly a gift.
Follow the CEO's actions.
As per his own words to an email to me yesterday in quotes below.
"I am restricted in what I can convert as an associated person and have not converted any debt or sold any stock nor do I intend to."
CEO sees the future value here.
Chipping away at the 12's
730k left
Then .0015
Thin
Most players in pennies are short term minded and do no DD.
Need to get those shares in stronger hands who realize the value here.
That group that came in is a classic example of the mind set.
In one day
Out the next
Let the non-believers out first.
Market always adjusts itself in due course.