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Re: HeedTheChief post# 83404

Monday, 02/27/2017 4:23:56 PM

Monday, February 27, 2017 4:23:56 PM

Post# of 112672
I think it's good that they're using sale of assets to stay afloat, I think it's much better than continuing to convert preferred shares, but let's not kid ourselves about the potential for MCIG when they will likely end up with zero percentage when there's clearly an option in the contract to purchase the remaining 20%.

It was more than likely drafted in segments as to avoid an adverse reaction to MCIG's stock price and they can take advantage of the optics for a couple more months, or until when STNY is ready to purchase the remaining stake.

.......CB