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Re: SilverNick post# 5476

Friday, 12/11/2015 9:02:51 AM

Friday, December 11, 2015 9:02:51 AM

Post# of 62008
I called it. Totally predictable.

Insiders needed a way to get their money before everyone else. Right now, they are locked in to the units, and people have caught on to their games, so out come the smoke and mirrors. This "exchange offer" is much too valuable for unit holders and dilutes the common stockholders even more. They will get 128 shares of common stock for one unit (currently trading at six dollars)?! Do the math: at .20 a share, that's $25.60 worth of shares, not counting the warrants. That's way too many shares. They are going to do a quick pump, and flood the market with their shares, and this thing will be dead before you know it. I smell a lawsuit.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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