Saturday, August 05, 2017 9:43:31 AM
Happy Saturday Beautiful People
The company' response on debt to equity PR and position on preferred shares for clarity.
"
The equity is restricted equity. The cash deployed was real dollars. Not services rendered. While he has voting rights superior to common, he has no redemption rights and can only convert the shares to common in a “fundamental” transaction. Which usually means the sale of all the assets or the Company itself. Shareholders should see this as this money put fully at risk with no change to liquidate any time soon ."
Don't start assuming we are being sold or buyout etc. It doesn't mean that. Don't assume anything. Just understand this is a risk the CEO took along with BOD member Durfee. They didnt have to do this.
As I have said many times, listen only to the company. People try to diffuse that thought by defaming management and causing shareholders to start doubting and rebelling against management. But all should use common sense and catch their individual battles of the mind and stop themselves from starting to believe other posters whose dispositions change constantly. One day they want to hold shares for 1 year or till ER comes out, the next day they are declaring they are selling. Don't believe me. Dont believe anyone. But if you dont believe management, then question why you want to be a shareholder.
I am a long. I stay long. I stay consistent. Manage your own minds and thoughts and investments. Be adults. Be responsible to yourself. Dont be swayed in whichever direction the wind blows with pumpers and bashers. Everyone has an agenda. RESPECT:))
IMO
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