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Re: Ricosauve post# 91958

Wednesday, 09/20/2017 10:09:45 PM

Wednesday, September 20, 2017 10:09:45 PM

Post# of 111962
Well...the 8k.....since those preferred shares aren't issued yet, they aren't really a factor.....but when issued, they can't be converted to commons until 3 yrs from issuance....so I doubt many will be still holding that far down the line...

I would think that they are tryin to pay down some debt with those shares, pay some of their accrued salaries....or use as collateral/loan fees to secure this huge funding deal....

if they were going to sell any of those preferred to somebody as an investment, I'm pretty sure they can't until the file an s1 or equivalent offering...

We are almost to crunch time....

GLTA

Rico