![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, February 28, 2015 4:47:55 AM
But before starting: YOU WRITE:
I don’t believe Frenkel was issued preferred, instead I believe he was issued a “special deal” to receive two DECN shares for each paid share and possibly 3 for 1 if you include the warrant.
My reply to this: What kind of Due-Dilligence is this? Imagine a lawyer in court would say: Well I believe he did it but of course cannot prove it; I guess the judge would ask him to be seated and silenced.
But let me now go down to the facts of your supposed discount deal of 50 % to 60 % based on the filings as of Sept.30.2013.
The price for DECN in September 2013 was: $ 0.2 and 0.9. So the monthly average as a matter of fact was $ 0.55 (See Chart) and this is as well the price paid by the subscribers.
For those playing the discount fiddle, I would respond, the subscribers paid a premium of 175 % versus the low price of $ .20 against the bashers theory that they got a discount of 50 % from the high of $ .90.
But there is neither nor, as a matter of fact, they paid exactly the monthly average price. Everybody knowing who to handle a calculator could have found this out by calculating the ratios based on the filings as of September 30.2013.
And another point: When they opened for subscription it was certainly not September the 30th when the stock was paid at the high of $ .90 but they rather started the subscription around before middle of September and therefore fixed an excellent price for the company and as well for the shareholders as the discount reporach is a laughable as would be, if somebody would say, they paid a huge premium.
Conclusion: The $ 0.55 level was fair value for all. For the company and for the subscribers and for the rest of the shareholders, as it reflects exactly the middle average of the monthly price of September. And a final word: Every “expert
“ would actually know, that so-called subscription prices are based on a monthly average and voila, we return again to the $ .55 Price.
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • ELMGF • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM