Sunday, June 19, 2016 5:34:52 AM
1) The can only get up to 5% of the outstanding shares.
2) They have to hold those shares for a year before the restriction is lifted off the shares and they could be sold.
This kills the concern about toxic debt. Say Asher has debt and they convert 40 million shares. They have to hold for a year now before they can sell those shares and they can't get new shares till they get rid of the first 5%.
This is a great move on the part of the new CEO to remove the possibility of being hurt by debt holders.
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