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Alias Born | 02/05/2014 |
Monday, October 03, 2016 10:35:49 PM
Perhaps, Adrian wishes to change this fact to both give him some skin in our game as well as provide himself with some real upside on a personal basis when the PPS does rise.
All Adrian was holding until now was Series F preferred shares. That is the control block for the company, so he cannot really sell those shares to make himself richer if the company is doing better unless he wants to completely sell the company to someone else. I don't think that is what he wants. Therefore, Adrian needs a different vehicle to give himself a substantial piece of the upside when it occurs. That means he needs shares of DNAX common stock.
Maybe it occurred to him that if he is going make this company take off, maybe he needs to put some of his own cash into it, and rightfully receive shares of DNAX common stock in exchange.
I am PURELY speculating here. I don't a damn thing beyond what you all know.
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