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Re: Tkrtape post# 5985

Thursday, 12/11/2014 10:34:47 AM

Thursday, December 11, 2014 10:34:47 AM

Post# of 9347
Ironridge Dilutes Faster

Authorized shares are not affected, however the outstanding shares are.

If VELA has 6 billion shares and pays off Ironridge, the OS stays at 6 billion.

If Ironridge is not paid, then they will request more shares...say half a billion.

OS goes up to 6.5 billion, and so on.

If he had any brains, George would want to stall to try to find a way to pay off Ironridge, thus keeping shares lower. If not, Ironridge requests more and the OS goes up, up, up.

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