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the 500 M have not been all issued just authorized, looks like 20 M have been actually issued. Also, 14 B have not been se aside from the current 20 B OS for the potencial conversion. when the time comes if the AS is mxed out, whatever it is at the time, it will have to be adjusted to absorb any conversions.
i think they can certainly lower the AS since the preferred are restricted for at least a year.
these are more than enough, remember that they are PREFERRED, not commom, to convert to common you will have to multiply each one by 500. Covey for example receivd "only" about 10 MM preferred class E, if he ever decides yo convert to common then he will have 5 BB common
The Certificate of Incorporation of the Corporation authorizes the issuance of up to 500,000,000 shares of preferred stock and further authorizes the Board of Directors of the Corporation (the “Board”) to fix and determine the designation, preferences, conversion rights, or other rights, including voting rights, qualifications, limitations, or restrictions of the preferred stock.
note that is says "the issuance" and not "the conversion from commom stock"....
these new preferred shares are being issued as preferred which could potentially become common, at the 500 for 1 ratio, after the restriction ends, they are not being converted to preferred from any current common shares.
not yet because they are still preferred shares and are restricted for 12 - 18 months but they could be dumped into the OS then the restriction ends if the holder decides to convert to common and sell
yup, alnd the shares will come from the current AS of 20 bil
they are not being converted, they just tell u the rate they will be converted they they become unresgricted which means they OS will increase if the holders decide convert to common in a year from now
those who invested in APT before the merger, like from the very beginning
thats only the class C, class E are over 5B common
i dont see how this filings show a reduction of anything, they just show more prefered shared being issued and the conversion rate
the OS is not even 13 B , how is the OS reduced they that amount?
what happens when they received their court ordered payment in full?
not forever but until they get paid, keep in mind also that any over issued shares must me returned to APT.
R/M s are the new MJ
nice tosee it move, just starting
GLGT
it says reverse split ---- A/S = 200 MM
sorry i got it wrong, thats what i had read here please disregard
current O/S about 3.6 bil
waiting for the teens to grab some, hopefully no news before that
why was IR deal so confusing in the first place?? or why was there such a deal anyway, why didnt APT just sell the shares and pay IR??
just a coincidence, i was referring to this 13th follower
# 13 for you...great points you make even though is not what i want to hear lol
i think IR cant hold more than 9.99% percent at a given time, meaning if they sell and their % drops they can get more up to the 9.99% again if they are not done
the O/S was 3.9 billion before the IR mess...one can guess at least 4.2 when this is all done
what kind of POP?
good question...
some weird action for sure...
out of this, GLTA....
he didnt get rid of them on the open market, the shares were returned to APT. that was the confusion as people thought he was dumping the 5 bil into the float...thsi was later clarified by APT
would appreciate your thoughts on GLGT and KEYO...possible R/M plays... thanks
misread the pm sorry i thought u meant the board....im still a chatzy, ther everyday
if no news this goes down to the teens, might even hit the 50 on the daily
got ur pm bud! not much really, u know the chat takes most of our time
top notch B, thanks and thanks for joining the chat, glad to have u
got it thanks!
thats the mystery here, since there have been no pr's i dont know. they may even have split already judging by the trading volume...if i had to guess i would say the split will be reflected soon at the 30 for 1 ratio....good luck
$MONA
april was the month for the bid test, FROZ already passed
the O/S was also reduced and so was the float.