Eyes on the Go, Inc. (AXCG)

[J_reyes388]

Given that the company will not shutdown:

Probability of RS = Probability of RS and AS Increase + Probability of RS and No AS increase

Well given the facts that we have an AS increase we can rule out the latter portion b/c it equals 0, thus:

P(RS) = P(RS and AS Increase) = P(RS given AS increase) * P(AS Increase)

AS increase is a given which is equal to 1 or 100% because we know that already. Now all we need to understand is the P(RS given AS increase).

Let's start with the reasons for the AS increase. What we know is that the AS has increased for whatever reason. Now if Mr. Carey really wanted to screw over the shareholders here, he could've simply RS w/o the AS increase but he did not do that. I think we can all agree that it would've been the quickest and most efficient method to do so. Instead he chose to go a different route and raise the AS for whatever reason. I believe this move for AS increase is due to one of four reasons. Either there is substantial news that will allow the current round of convertible notes to be sold off and issue further ones down the road without concern / he's positioning the A/S for the worst case scenario so that he can buy the CD bc he knows something's coming / a possible JV / it's an elaborate grand scheme to string the investors along for a few more months of "operation". I'm beginning to understand why certain investors have thought that the AS increase was a good sign rather than a bad one. Maybe it was a hint from Mr. Carey of things to come. Again I am still a newbie but I'm just trying to going through this logically. The key here is to find out the reason for the AS increase and everything else unravels.

If indeed the AS increase was to clear the CDs and IF a RS were to come I'm beginning to also understand why some people are alluding to the theory of the end of dilution to come based on the three of four reasons listed above. It's late and maybe I missed something but that's my contribution for the board today and possibly this weekend. Cheer up Q & gnite fellas.