InvestorsHub Logo
Followers 16
Posts 931
Boards Moderated 0
Alias Born 08/03/2015

Re: Malone post# 16262

Wednesday, 10/18/2017 10:30:05 AM

Wednesday, October 18, 2017 10:30:05 AM

Post# of 31087
If you knew anything, you would have known this was an orchestrated takeover of the company by Eliasch through Santiago. Posting shit just because does not help anyone, try providing more DD to your posts even if the news is not good.

Why does Eliasch to convert the shares you've posted about?

As of the date of this filing, neither Eliasch nor Santiago holds any outstanding shares of the Issuer’s Common Stock. However, Santiago has the right to acquire up to 77,500,000 shares of Common Stock upon conversion of the Note at a conversion price of $0.08 per share. Assuming conversion of the Note in full, and assuming further that no warrants to purchase Common Stock or securities convertible into shares of Common Stock held by parties other than the Reporting Persons are exercised or converted, such shares would constitute approximately 87.5% of the shares of Common Stock that would be issued and outstanding following conversion in full of the Note. Pursuant to its authority as the controlling person of Santiago, Eliasch may be deemed to indirectly beneficially own any shares of Common Stock attributable to Santiago.



Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.