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Re: Frayed Knot post# 18929

Wednesday, 12/14/2016 10:37:32 AM

Wednesday, December 14, 2016 10:37:32 AM

Post# of 107737
So, if you owned 3m shares 6 months ago you would have owned 50% of the company. Now that same 3m shares controls roughly 1.5%.

So, how does a company justify doing this? All shareholders would be diluted equally, so the CEO's shares are now worth 3% of their value 6 months ago, too. Maybe the answer relates to a different class of stock (preferred)?

I'm strictly a speculator here. I have 750k shares at .0074, so if it goes to zero it's not the end of the world. I really feel for anyone that invested in this mess 6 months (2 months???) ago.

Best of luck. Some of this should be - and perhaps is - illegal.

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