It's good to have this discussion on the board so we shareholders get a better understanding of what's going on. Without financials, answers to some of these questions are not possible as we can only speculate. As to 31 Group, checking those historical prices from early 2016 and the daily trading volume makes for a good case for them selling most or all of the shares (the 01/11/16 shares were acquired at .00186 per share, 01/28/16 shares at .00184 and the 02/02/16 shares at
.0035, just doing the math).
Here is a question that needs asking, Green (and anyone with a serious response, please chime in)
From the last 10k-t, a footnote in the financials shows that Zaric is ENTITLED to 323 million shares by virtue of his single unit of series A preferred stock.
It does NOT say that he actually has those common shares. So, at some point, when he wants to convert, the company will have to give him those shares... If those shares are not in the company treasury, they will have to issue new ones.. Correct? Now, the "Greenshoe" Warrant component to this transaction states that in the event the company does not have enough shares to satisfy his series A preferred stock and his promissory note (which entitles him to another 4.9% of HPTG), the company would be forced to issue as many shares necessary for him to obtain 84.9% of the company....
That's how I read this...
So what's the remedy for possible dilution upon his conversion?
