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TJG

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Alias Born 06/20/2007

TJG

Re: JG305 post# 1853

Wednesday, 03/01/2017 7:24:49 PM

Wednesday, March 01, 2017 7:24:49 PM

Post# of 138022

A pliant attorney with a fistful of legal opinions can turn the multitude of restricted shares into free trading with the stroke of a pen.


Would be nice if you actually said it how it would work, instead of making it appear they would have free trading commons in the entire amount of the note.

Even if...and thats a very big if...the restricted shares were granted common status, they would still be required to follow the conversion rate set up in the original note. They would have restriction on what the price would be based on the 5 day closing average...they could not sell more then 4.5% during the selling period and they can not exceed the limit of the total dollar value of the original deal..interest included.

You get some new trader who reads your post and he thinks he is going to get diluted down to trips in one day. Like the verse says...
The Whole truth and nothing but the Truth... should not leave things out so as a person could possible fill their own greedy needs of getting cheaper shares by using scare tactics to make others sell.

But its also very rare to get restricted shares turned before their 6 month restriction is up.