InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: MMA Coach post# 140087

Thursday, 07/02/2015 2:21:35 PM

Thursday, July 02, 2015 2:21:35 PM

Post# of 148335
Are you saying it is your belief that "directions" mailed with the Series C stock certificates include a condition that they are not redeemable unless the price of common stock (DSUS fka PVEC) is at least $.20/share? What is the basis of this belief?

Did everyone who received Series C stock certificates receive notice of such a qualifying qualification? (Keep in mind that many people who qualified for the Series C shares never received them.)

Has there been any public statement by an official of the corporation clarifying that condition?

Given that this condition was not stated in the original press release announcing the distribution to holders as of a future record date (thereby inducing people to buy before that date) wouldn't it be a "bait and switch" to include such a condition that was not stated in the PR?

Also, if this qualifying condition is accurate, how does the 1 for 260 reverse split of the common stock affect the minimum price at which the Series C shares could be redeemed? The reverse split-adjusted price of $.20/common share is $4.00 ($.20 x 260).