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Re: Foxwoods Man post# 10755

Tuesday, 03/21/2017 10:57:05 PM

Tuesday, March 21, 2017 10:57:05 PM

Post# of 43782
Coming from you? That makes sense. You wouldn't be here as long as you have based on your experience and opinions.

I've explained why they can't dilute as before; you decide not to listen.
Without $75m market cap; they can not dilute more than another few million cash via common over the next 10 months. It's the law, not an opinion.

It's possible pps stays at .10 for 6 months and they exercise the .10 and .12 warrants; thus leaving a gap to the warrants in the .30s and .50s range. Doubt it though.

They most likely do another another round soon (bad) or settle arb (good).

Anyhow without $75m market cap preferred on the way. I just scared the preffered come with an adjustable conversion rate (that would be bad and I would never consider an investment here again).
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