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Re: RockyW post# 16940

Tuesday, 04/08/2014 7:06:10 PM

Tuesday, April 08, 2014 7:06:10 PM

Post# of 24848

I agree with Garci as well with what his thoughts on .05 cent stock vs Ironridge. I absolutely concur as Ironridge was issue 9m or 10m of free trading restricted stock on nov 20th. The free trading that was issued started right away vs 144 stock which is a 6 month hold. Would you rather have a 6 month hold traditional restricted paper or 10m free trading paper right away????? I believe everyone would much rather have 144 stock which is a 6 month term vs Free trading that Ironridge had.


You are talking apples and oranges. Ironridge was NOT a convert note. Ironridge was a one-off agreement born out of a court-mandated settlement.

SCRC's PR only discussed no longer issuing convert notes, which they issued tons of.

In addition, no true long-term investor would be concerned about free-trading now vs free-trading 6 months from now. A true long-term investor cares about limiting the magnitude of dilution, period. No long-term investor would prefer 5M shares of dilution 6 months down the road in lieu of 1M shares of dilution now. Given the choice, EVERY long-term investor of any stock would choose the 1M shares of dilution NOW.

Only traders looking for short-term flips care about whether dilution occurs now or 6 months from now. And that's fine. Nothing wrong with trading/flipping, or whatever else folks want to do with their stock. But the sickening blatant lies about holding for years and years and never having sold a single share w/no intent of doing so for years, while at the same time luring new investors to only hold/add and not sell/trade is simply disingenuous and downright evil.