InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,307.01
(
-0.27%
)
US TECH 100
18,307.16
(
0.41%
)
Dow Jones
39,671.04
(
-0.51%
)
Brent Oil
81.15
(
-0.47%
)
Bitcoin
69,394.48
(
0.42%
)
Post# of 438
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Steady_T

Send PM Follow Ignore
Followers 163
Posts 19645
Boards Moderated 2
Alias Born 12/09/2004

Steady_T

Member Level

Re: eddy2 post# 302

Monday, 04/28/2014 11:35:39 AM

Monday, April 28, 2014 11:35:39 AM

Post# of 438
That has NOTHING to do with the present situation that gnkoQ is in.

The present shareholders, including institutions, will be wiped out.

They will get very high strike priced warrants in return.

So lets review.....

Present shareholders stock will go to ZERO value. Presently valued at $1.78 per share.

In return for the value going to ZERO, present shareholders will warrants representing 6% of the stock that they presently own 100% of, that may or may not have ANY VALUE. Of course the good news is, you may have to wait up to 7 years to find out if those warrants ever have any value.

Sounds like a solid investment in hopium.

"Wise men talk because they have something to say, fools because they have to say something."
PLATO

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up