![](https://investorshub.advfn.com/uicon/451223.png?cb=1587468944)
Thursday, May 04, 2017 11:17:28 AM
So to say "they'll convert in October" is a false narrative when you don't know how or to whom those shares are allocated. Most importantly the fact that they reduced the Authorized shares to 8B doesn't support your theory since if they were converted, then there wouldn't be enough shares to preserve the capital structure in regards to anti-takeover provisions.
Second, when the OS increased from 4.2 to 5 in 10 days, the volume didn't support the theory that there was dilution since those shares would've had to have been dumped into the market, hence we would've shown around 1.5b in volume in that span of time (10 days), when in fact we only registered ~450 or so in trading.
This leads me to believe that there was a restricted share exchange with a QIB for an acquisition. Possibly they purchased the new company for the spin-off or some other form of a purchase. It could've been the factory but I don't think so, because I believe the first 200m shares that were added (from ~4B to 4.2B OS) was for that purpose and this is something entirely different that will be revealed hopefully in the near future.
.......CB
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM