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Re: DonJohn post# 21507

Wednesday, 03/15/2017 3:02:51 PM

Wednesday, March 15, 2017 3:02:51 PM

Post# of 61601
Agree. They can't finalize the new loan if it permits diluting past the A/S, so the R/S has to be done about the same time or earlier. That loan implies 11M convertible shares at .05, which is illegal since it would exceed the A/S and that can't be changed until after a shareholder vote. Don't think any shareholder would vote for that. The R/S is a no brainer - it's already approved, and solves the problem. It also doesn't affect market cap.
Once the R/S is complete, there will be lots of shares available and they will probably be sucked up by larger investors that are looking for the Nasdaq listing. Market cap should fly then.