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Chaddy

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Chaddy

Re: Jibbers post# 19613

Wednesday, 06/13/2018 1:42:01 PM

Wednesday, June 13, 2018 1:42:01 PM

Post# of 20213
I'm not sure I get the value of this offer....

Essentially they are offereing a 1000 common FLSR shares to 1 Pref C share, which converts to 3 Common MLCG. That would mean that 1,000,000 shares of FLSR would convert to 1000 Preferred, and then if you convert those into MLCG common, you would have 3000 Common MLCG.

The current PPS value of MLCG Common shares is $0.0001. So we would take our FLSR shares in the millions and reduce them down to the low thousands at the same share value??

Does this make sense? What value does this have to any shareholder?
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