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Re: Moeclay post# 50762

Friday, 09/05/2014 9:45:40 PM

Friday, September 05, 2014 9:45:40 PM

Post# of 64445
Orchestrated... right. Listen. KNSC has convertible debt, a lot of it. I don't know to what extent you follow KNSC. But not too long ago they "eliminated" their convertible debt, by amending the convertible notes so that the debtors received preferred shares. What they really did was relocate the debt. Recently, Asher converted over 300 Mill. They had to file for it because with that amount of common stock they were over the 10% threshold. There are multiple other companies that received these preferred shares. It would seem that one or two, in addition to Asher, are converting their preferred shares into common stock and dumping them into the market. Remember, any holder under 10% doesn't have to file... so these debtors can convert and sell with out notifying the shareholders with a Form SC 13G at all.

There's nothing "orchestrated" about this. The debtors are getting paid at the expense of the common shareholders. That's it.

@OTCMondragon