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anytime, most people are super excited on this board, stock goes the other way. It may turn around soon. fingers crossed.
Looks like morning dip and rise, not gap up!
If the stock price is significantly higher than 0.06 on Sep 18, not many people are going to choose the tender offer 1 prefd. for 250 common. Of course, when they chose 0.06, the stock price was lower than 0.05, so that was a nice gesture. Let's see where the stock price is on Sep 18. If the hype continues, it may be around 0.50c by then.
I think there will be a term on merger document as to what ratio and when the preferred stock will be converted to common. They are just freezing the existing shares at 0.06/share ($15/250=o.06) on Sep 18 until the deal is done. So the locking period may not be long.
September 18 after market, we will have only convertible preferred shares 1 for 250 until they get their deal done and reconvert the preferred to common shares. That means after Sep 18, we won’t be able to trade our shares and this will be frozen to 6% $15 prefd. Stock. This means the share value will be frozen for the time being @0.06/share ($15/250=$0.06) like estate planning. They will also give 1 such preferred Stock ($15) for every 5,000 shares on Sep 1 as a bonus.
Question is what’s the benefit if it is locked at 0.06/share? Let’s assume post merger the stock price of new company is $3/share. If they give us 10 shares for 1 preferred, the value will be $30 for 1 preferred, which means it will double your investment pre Sep 18. There is a catch. If on Sep 18, the stock price is 20c and you still get 1 prefd for 250 common, that means you’re getting @0.06/share, not 20c per share. So you’re losing. The only way it will be beneficial if post merger they convert the preferred for common at a higher ratio and the stock price is much higher at the time.
Quote:
“The Company wishes to announce today that it has approved two actions for its existing loyal shareholders as well as new prospective shareholders. Both these actions involve the new Series C Convertible Preferred Stock. The first is a dividend to all shareholders of record on September 18, 2020 at the close of the market. For every 5,000 shares of common stock then owned, each shareholder will receive one (1) Series C Convertible Preferred share. This equates to a 5% one-time dividend for any shareholder of record for every 5,000 shares owned. The second item the Company has authorized is a tender offer for all common shareholders of record on the same date.
This tender offer is envisioned to benefit our loyal long term shareholders by providing them a way to earn an annual rate of 6% on their investments as they wait for our Company to achieve all the success we believe we will. The way to do this is by exchanging your common shares for the new Series C Convertible Preferred stock. That conversion rate will be one (1) share of the new Preferred for every 250 shares of common owned.“
PT short term 30c and long term $1.5. Any guess?
Target price short term and long term. Short term .50c and long term $1.5. Does it make sense? Any good guess?
Hope it works. Why until March?
Hope we see more Green days. Often times the following days after 100%+ go red!
So what’s the message here?
If hype continues and couple with new PRs, it can reach dollar land!
If you have 100k shares on Sep 18, you will get 20 5% $15 convertible prefd. Shares and later on you can convert it to additional 5k shares. So in a nutshell, for 100k shares, on sep 18, you will get 5k free shares, cool!
Most important part: On Sep 18, 2020: 1) For every 5,000 shares you own, you will get one $15 Convertible preferred share 2) this convertible preferred shares, you can get 250 common shares afterward. Now you do the math!
The Company wishes to announce today that it has approved two actions for its existing loyal shareholders as well as new prospective shareholders. Both these actions involve the new Series C Convertible Preferred Stock. The first is a dividend to all shareholders of record on September 18, 2020 at the close of the market. For every 5,000 shares of common stock then owned, each shareholder will receive one (1) Series C Convertible Preferred share. This equates to a 5% one-time dividend for any shareholder of record for every 5,000 shares owned. The second item the Company has authorized is a tender offer for all common shareholders of record on the same date.
This tender offer is envisioned to benefit our loyal long term shareholders by providing them a way to earn an annual rate of 6% on their investments as they wait for our Company to achieve all the success we believe we will. The way to do this is by exchanging your common shares for the new Series C Convertible Preferred stock. That conversion rate will be one (1) share of the new Preferred for every 250 shares of common owned.
What’s the downside from here if any and what’s the upside. Serious comment please.
You have a point of huge shares selling but we have to remember, a lot of small retails also owns millions of shares. I myself own a couple of millions. If 200 people sell 1m each, that makes 200m. Then the day traders, swing traders buy and sell multiple times, so 200/300m volume is not that big for this company. As for buyback, yes there is a doubt. Otherwise, it would be trading between 5 to 10c for sure. Now question is between now and Sep 15, this share buyback mystery will remain until it is clear, one way or the other.
Well, not really pumping, after a couple of months, we saw some big movement, that was exciting for us. We are just a small fish to invest and make some money. I thought there will be another day but was not quite confident, took a chance, did not work. At least we have a position and trying hard. Not sure about you. Are you short or what? I see your negative posts all the time, wondering why you are here unless have a short position, nothing wrong with taht, just wondering';
Yesterday, i thought of like the run was done and i posted that on Yahoo Finance, not sure if i did here. Although i did not listen to myself and did not sell around a penny. my bad. I guess it will take a day or two to rebound, if at all. Otherwise, there will be a long wait unless thee is a news!
If the share buyback happens, it will go to 5c in no time!
If they drop a good PR now, it will be in penny land big time. Hope they do, this is the right time.
Overall, a good day but closing under 0.007 was little disappointing. Hoping to close around 0.009. As long as it keeps moving up, is a good sign.
For now, hope it goes to penny land. Of course, did not expect to trace back in 0.006 but it can fly, if needed. I guess by next couple of days we will know if it’s going over a penny or staying below!
It’s giving up so fast!
If I think it’s going to penny land tomorrow or in a week, I am not selling my little millions shares, no matter what. My only concern whether it will go back under 0.005. If that’s not the case, not selling anytime soon, not before 10c at a minimum. Is it too much to hope for?
If it has come back up this far after all the negatives, it may go further up big time. Now if you’re conservative, profit taking is fine. But if you take a little more risk, upside could be significant. I assume many people have a significantly large number of shares. Imagine it goes to 5/10/20c, you can make big money. Any opinions?
Looks like no penny land today!
One more big push and show us a penny, have been waiting for so long, just want to see the face of a penny, LOL. Guys, don't sell, let it go over a penny, you will make more.
Day is still young, go for a penny, you can do it!
We may see a penny today, fingers crossed!
Last day to buy under a penny!
Once it is in penny land, that's when it will be easy to run even bigger! Let's hope in a day or two it lands there
If buyback news breaks, we may see it running to 0.10c!
Let's hit penny land!
Pump it up for buyback and make it go 500% to 1000% up!
It would be nice to see in penny land by Sep 1!
All it needs one 100% up day and it’s in penny land, that would be beautiful. 100% up for a stock like this nothing and no one will notice. If not three more 30% days will be enough. If it continues, by mid next week we should see a penny!
Today it can't move up or down, normally it moves a lot!
BBRW response:
1. Share repurchase on schedule, paid with incoming sale proceeds
2. No more dilution. Dilution was used to pay old notes which are all out now
3. OTC has pre-approved uplist at $.01
Good luck!
Just curious to know if there is anyone who bought more than ten cents and still holding, anyone? And if you’re holding, do you expect to go over 10c?
Recently, a share like this went up by 9900%, if that happens, many people will be millionaire here. There will be no supply of Lambos, LOL
Are we millionaire yet, lol?