InvestorsHub Logo
Followers 313
Posts 51038
Boards Moderated 16
Alias Born 08/19/2009

Re: None

Thursday, 10/13/2016 11:54:23 AM

Thursday, October 13, 2016 11:54:23 AM

Post# of 8827
Why GAWK common shares are worthless

Share structure:
Common - 576,970,215
Preferred A - 1000
Preferred B - 68,187,500
Preferred C - 14 (each share convertible to $1,000,000 worth of Common Shares)
Preferred D - 1 (each share convertible to $100,000 worth of Common Shares)

Let's say just 1 of the 14 "C" shares is converted at current prices. It converts into 1.67B common shares. That is 3X the number on currently outstanding shares.

Current common shareholders own well under 1% of GAWK!