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Based on what information?
Based on what information?
I am excited as well, but that video was uploaded on 20 Jan 12. Just an FYI.
I am good with that! I am ready to be in the green!
Double thanks for including the link! I think we are still going to have some dilution at least for the morning based on the numbers, but I have been wrong before.
Does anyone how many shares were shorted today? I think that will be a big indication of where will be tomorrow. The MM gave us a heads up by shorting 38% the Thursday and I think someone posted 25% Friday.
Another good point. It would make them seem flakey at that point. Inventors would think they could not commit. I am ready for this merger to be over with. It is consuming me!
Agreed. Plus, RM cost roughly $400K. I seriously doubt Moto wants to do that x3.
What kind of news would we expect?
I got you now. Thanks for the clarification. :)
It might have been part of the merger agreement. A clean shell. If I was Motovox, I wouldn't want anyone holding that many that weren't freely traded. I am glad they dumped them now.
50m or 5m shares?
I didn't put that dot together with B! post on the 35% or 38% shorting yesterday, but I think you are exactly right. I think FROZ weathered the storm beautifully for the dilution. I believe that you are spot on.
Based on the numbers todays and the coordinated bids, I think it is about done. We should go up from here. Plus, all week, we have been thin. It would not suprise me if Monday we merge! Just my opinion.
I think it is the 50 million shares from the IBC agreement. I think it is the last piece of the puzzle that is coming to terms. Just my opinion.
What was the value of the stock before the reverse merger? I saw that after it was about .10 - .15. It went 156% today. I was just curious.
About the SEC Filing today:
Reading a previous filing dated 14 Feb 2014 that stated:
3. Settlement Shares.Following entry of an Order by the Court in accordance with
Paragraph 2 herein and the delivery by IBC and Company of the Stipulation of Dismissal (as defined below), Company shall issue and deliver to IBC shares of its Common Stock (the “Settlement Shares”) as follows:
a. In settlement of the Claims, Company shall initially issue and deliver to IBC, in one or more tranches as necessary subject to paragraph 3(f) herein, shares of Common Stock (the “Initial Issuance”), subject to adjustment and ownership limitations as set forth below, sufficient to satisfy the compromised amount at a fifty percent (50%) discount to market (the total amount of the claims multiplied by 50%) based on the market price during the valuation period as defined herein through the issuance of freely trading securities issued pursuant to Section 3(a)(10) of the Securities Act (the “settlement shares”). The Company shall also issue to IBC, on the issuance date(s), fifty million (50,000,000) freely trading shares as a settlement fee.
So are the 50 million shares still getting issued just not through FROZ, but though IBC.
I know I am cutting and plastering the SEC Report, but here is another part.
s. Company acknowledges that IBC or its affiliates may from time to time, hold outstanding securities of the Company which may be convertible in shares of the Company’s common stock at a floating conversion rate tied to the current market price for the stock. The number of shares of Common Stock issuable pursuant to this Agreement may increase substantially in certain circumstances, including, but not necessarily limited to the circumstance wherein the trading price of the Common Stock declines during the Valuation Period. The Company’s executive officers and directors have studied and fully understand the nature of the transaction contemplated by this Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded in its good faith business judgment that such transaction is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Settlement Shares is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other shareholders of the Company. The Board of Directors of the Company has further given its consent for each conversion of shares of stock pursuant to this agreement and agrees and consents that same may occur below the par value of the Company’s Common Stock.
One final piece of information that I found interesting: (I think I found a recent count of OS)
a. There are Three Billion (3,000,000,000) shares of Common Stock of the Company authorized, of which approximately Three Hundred Thirty Four Million Eight Hundred Eighteen Thousand and Three Hundred and Seventeen (334,818,317) Shares of Common Stock are issued and oustanding; and approximately Two Billion Six Hundred Sixty Five Million One Hundred Eighty One Thousand Six Hundred Eight Three (2,665,181,683) Shares of Common Stock are available for issuance pursuant hereto;
Link:
http://www.sec.gov/Archives/edgar/data/1486526/000135448814000768/froz_ex101.htm
Dated 14 February 2014
I was just doing some reading on the reverse merger process and came upon the 4 day SEC filing. I thought I would share. I figure that it is 4 business days. By my calculations, we have a minimum of 2 days left. It could be longer.
Do ya'll think we will have this kind of manipulation after the merger? Wouldn't that drive down the pps?
Also, someone posted on what could be holding up the merger?
Final preparation of the 8K that is required to be filed with the SEC within 4 days of closing the merger.
Thanks!
So if the merger does go through, what happens next? I can't find much information on motovox or their what ticker they trade under. New to all this...