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Re: hiphopfurby post# 5822

Friday, 08/11/2006 2:36:53 PM

Friday, August 11, 2006 2:36:53 PM

Post# of 29739
To me it matters a lot. The issue is not control. We all know that NMKT will control the new company. The issue is how many shares will we get and how much will they be worth? If current IICP shareholders are going to own 23M shares of the new company who are they and why are they getting all these shares? Its the common shares that will trade on the market and will have a value that depends on the total number of shares outstanding. To have an extra 23M shares out there in the float will dilute our percentage of ownership. Why should these yoyo's get 23M of our shares? It just doesn't make sense. The reverse split idea makes sense, but Phil said there will be no reverse split. We are paying IICP $250,000 for the convertible preferred shares. That is their compensation for taking over their listing. Why do we need to give them those 23M shares? We just need more explanation on this. It matters very much. Do you really want to give away 23M shares of your new company to somebody for nothing? Do you want the value of your new shares seriously diluted because of all these extra shares. NMC will have a certain market cap. When you divide that market cap by the total number of shares outstanding do you want that number inflated by an extra 23M shares owned by somebody that didn't earn them? They were just given to them for no reason. We need an explanation.

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