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Still no reverse split come on with this thing this is getting dragged out like crazy
I am afraid to add to this looser at this point with all they still have to dump to recoup the $585K they got in that court settlement
Let's hope so I'm down 83% on my investment in this
Those numbers would put the market cap some more round 444 million dollars just a tad bit more than it's worth
There's no way that 200 million authorized shares can be realized until after the reverse split as of now the authorized Shares are still whatever they were what is it around 4 billion
Oh yeah, I completely forgot about the number of mols in the 2Kg of the new formulation of PVC , sorry. That definitely changes things, now I know we are golden. But seriously I hope people aren't buying into this
Come on reverse split I've been waiting on this thing to happen for a long time now wonder what the holdup is
But 10 cubic feet equals 2 kg divided into 1000000 * 1 billion with an output of 7 per day it all adds up this can't be fake I just hope people didn't invest too much into this so they can learn from their loss and do better in the future
I am trying to take the rest of my 10k loss and recoup the $750 that it is now worth to no avail, nobody will buy my shares
Wow keep posting like this and we're going to be number one on the breakout board come Monday only needs another 10 post and we'll be up 900% on activity
Yep is called a full ratchet provisionFull Ratchet – Anti-dilution Provision
The anti-dilution provision protects investors from dilution caused by new stock issues at a price that is lower than the investor’s original investment. Such dilutions are common for companies with capitalization tables that have a large number of options and convertible securities. The main aim of the provision is to protect existing shareholders from a downward valuation of the investor’s equity investment. It adjusts the conversion price of the preferred stock to common stock and reflects the new round price. The main types of anti-dilution provision are full ratchet and weighted average.
For example: Assume that Company ABC owns 1,000,000 outstanding shares, out of which 100,000 shares are owned by Investor X. If the price/share is $10, the company is valued at $10,000,000 while Investor X’s stake in the company is valued at $1,000,000, which translates to an ownership stake of 10% in Company ABC.
In a new issue of shares, the company offers 500,000 new shares for subscription by investors. It brings the total Company ABC shares to 1,500,000 and the total valuation to $15,000,000. The new valuation dilutes Investor X’s stake in the company from 10% to 6.67%. It means that the price of conversion of the original shares needs to be adjusted to the new price which the new shares have been issued in order to retain Investor X’s 10% ownership stake.
How Does Full Ratchet Work
The goal of the full ratchet is to ensure current investors maintain the same ownership percentage should a company create new rounds of financing. It prevents the original shareholders’ stake from being diluted by the issue of new shares for new shareholders to subscribe. The shareholders maintain their stake without incurring additional funds. It is achieved by reducing the conversion price to allow investors convert their preferred stocks into a given percentage of the common stock. The conversion price is adjusted to reflect the conversion price of the shares issued in subsequent rounds.
The current shareholders benefit from the non-dilution provision since they are protected from any losses associated with the new rounds of financing. On the other hand, the new shareholders get to share the full effects of the dilution since the value of the shareholding becomes lower than that of the current shareholders. Also, due to the protection offered by the anti-dilution clause, the preferred shareholders are unlikely to participate in subsequent rounds of financing since they benefit from conversion price adjustment and more shares without putting in additional funds.
Practical Example
Company ABC is planning to start another round of financing to support its expansion plans. The current financial structure is as follows:
Common stock: 1,000,000
Preferred stock Round 1 ($1/share): 500,000
Preferred stock Round 2 ($2/share): 1,000,000
ABC projects to issue another round of financing (round 3) of $2,000,000 at $0.5 per share, with a plan to raise $1,000,000.
Company ABC must adjust the shares held by preferred stockholders in round 1 and round 2 to prevent excessive dilution of their stake. It means that the preferred stock in round 1 issued at a price of $1/share and the preferred stock in round 2 issued at a price of $2 each will be adjusted to the price of $0.50/share of the new preferred stock in the third round of financing, and their ownership will not be as diluted due to the new lower priced round.
Preferred stock round 1 adjustment:
The $1/share is reduced to $0.50/share when converting the preferred stocks to shares of common stock. It yields a conversion ratio of 2:1. Therefore, the 500,000 preferred stockholders in round 1 convert to 1,000,000 common stocks.
Preferred stock Round 2 adjustment:
The $2/share price for preferred stocks in round 2 is adjusted to the $0.5/share price of the new preferred stock in round 3. It brings the conversion ratio to 4:1 and the total common stock for round 3 stockholders to 4,000,000.
Disadvantages of Full Ratchet
Including a full ratchet provision in the company’s charter documents will deter new investors from investing in the company. The company will appear less attractive to invest in since the anti-dilution only protects the current shareholders and puts the burden of dilution on the new shareholders.
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.000001 -99.99%
Yeah they still are waiting on the approval
we may see some more tax loss selling before the 1st on Tuesday, but then the "January effect" should get us back on track
I hear that, all that news is legit and they could buy out this whole shell for 800K not even a drop in the bucket for them
Tax loss selling
Good to see you here, I have seen good things happen in stocks you are in
The land of white PVC plastic and honey
Ill try to bounce 6MM at 0001 just hope it doesn't get sent to the grey sheets
Betcha it closes in the 02s
Looks like the "double bottom" crumbled
maybe they might acquire a company (for millions they dont have) that might sometime in the far future apply for an FDA approval for something......
where is the bottom? will we go red on the day?
???? 013 soon ??? cheapies???
Oh and I can trade NOHO without a problem too
etrade has been awesome to me. once my etrade card was stolen and $2800 was spent that night, I told them ,filled out some papers and within two weeks they put the money back in my account plus I have won $30,000 overnight on one of these 0001 stocks and transferred it to my outside bank account fast with no problem. GLTY
Awesome, I love that show, they take apart these scams and people that run them
GIDDYDOWN!!!! ICNBD
they sure arent PR-ing any of these horrible filings, they are just trying to sneak in silently under the radar...
lowered my buy to 0001 to be safer, once bag holders try undercutting each other and VFIN it WILL get there fast, I just hope it has a bounce and doesn't go to the grey sheets
What happened to all that "pal" stuff is that guy still here pumping this thing
here we go when VFIN moves down to 0003 I will definitely get my 0002s but not sure if I want them now we may see 0001 or get sent to the grey sheets
That would equate to 23.5 million USD if any of this were true
but they still have to sell $585,000 worth so at 003 that is 195,000,000 shares, yikes
someone just bought 1.8 million shares for $18 at 00001 I wonder how that works
they just re sent out this mornings PR again minutes ago, this is your chance to get out before it drops GLTY
they "anticipate" to sell one container per month next year for $480,000 apiece throughout the year, oops nice morning spike though GLTY
I saw they gave away 900 million shares in that last court settlement to pay a debt of $585,000 that made me sell and cut my losses
it should come pretty quick once VFIN moves down and everyone else tries to undercut him then he takes the final offer with all of his shares he got for free
VFIN is now sitting on the ask at 0005