Thursday, March 15, 2018 12:25:33 PM
That is over 99% of the equity.
Why didn’t he split the prefs or alter the conversion terms to maintain the 60/40 split he had? He needed over 50% to have control so the 60% is close and reasonable by OTC standards.
But 99%....???
Right now the company is carrying a market cap of over $3 Billion on a FULLY diluted basis.
It’s not even an SEC reporter...
It can’t sustain that...no way.
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