Home > Boards > US OTC > Cannabis > Potnetwork Holdings Inc. (POTN)

We can both agree it's incredibly easy math,

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Rick_Sanchez Member Profile
 
Followed By 3
Posts 483
Boards Moderated 0
Alias Born 05/23/18
160x600 placeholder
Rick_Sanchez   Monday, 07/16/18 08:45:29 AM
Re: Alan Brochstein post# 144676
Post # of 178175 
We can both agree it's incredibly easy math, however where we will continue to disagree on is the number of common outstanding shares at the time of preferred conversion.

I'm not arguing that, based on their filings, there are 465M shares currently outstanding. However, what makes you believe that the company would be foolish enough to convert those preferred shares to common shares, at this point in time? Their share count would explode and their PPS would implode.

Why would they purposefully balloon their share count now? It makes no sense. It behooves them to wait until the 300M reduction is complete prior to converting the preferred to common shares at the rate of .0018%.

By doing so, it creates less dilution and increases shareholder value.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences