Spokes - I know this was from a while back, but I wanted to clear up a couple things from your post.
You said the following - "I know. I actually meant to say *potential* 500% dilution. It is a *certain* dilution of 160 million additional shares - though not all at once to be sure. Ketch said that very plainly. The remaining 240 million shares are authorized. The company need not seek shareholder approval to put them into the float - which they will possibly do to fund the company if the Mercatus deal fails."
Well, by no means is the 160 million additional shares certain dilution. It is very possible that NONE of those shares are used. If they are used, and they are used to purchase another company, that SHOULD NOT be considered dilution as we are getting something of value for the shares.
Secondly, if shares are authorized, there need not be any shareholder approval to put them in the float. Just like the 144's of today. They are authorized, but not in the float or outstanding count. Not until the company sells the shares are they even counted in the OS count. 1 to 2 years later, after they are registered, they then go into the float. No shareholder approval necessary. Remember this ONLY happens if they are sold by the company. We could have 500 million authorized shares and our OS count could remain at 62 million. I guess kind of like a credit card with a limit of 500 million and we have only used 62 million. Doesn't mean we are going to use any more. Oh yeah, and we can't pay down this card. lol
Anyway, just wanted to clear up a few things. In my opinion, we need not worry about dilution. Most of the shares are going for collateral on a NON-DILUTIVE loan. The remaining may or may not be used for the purchase of 1 or more additional companies. We need to give Brad and the company the ability to execute their plan.
AI
