Sunday, August 30, 2015 12:43:29 PM
It's funny. I called this a year ago and put up the math. Many laughed and called it ridiculous when I said there was the potential to see 4 billion shares or more in the near future. Well that time has come. I see three deals alone in this latest report that would require MRIB to go to 4 billion. There are no less than $750K in loan conversions to be covered at between 53% and 75% of lowest market price. That's 2.5 billion shares. With Bodie, we're at 3 billion. Current is 1.2 billion which brings us to a tidy 4.2 billion. Like I said. Simple math.
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