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Re: JimboM post# 22728

Friday, 06/26/2015 9:18:30 AM

Friday, June 26, 2015 9:18:30 AM

Post# of 82898
Not do the R/S?

Why would they want to not do the R/S? The R/S is required so the convertible debt can convert into common shares that will be sold to retail investors. Plus they are going to make all kinds of money doing the R/S, since the convertible debt converts into common shares at a discount, usually 50%. Who wouldn't want to make 100% (or more) on money owed to them in only a few months? The fact that people even think the company still cares about how it is run means there is retail demand, which is needed to buy the truckloads of converted common shares.

Why would the convertible debt holders not convert and sell common shares? It is the only way they will ever get cash for their convertible debt. The cash can't come from revenue because so far there has been ZERO revenue for the company.

Louis J. Desy Jr.

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