InvestorsHub Logo
Followers 740
Posts 61488
Boards Moderated 10
Alias Born 10/05/2009

Re: drugmanrx post# 75545

Sunday, 07/22/2018 1:53:56 PM

Sunday, July 22, 2018 1:53:56 PM

Post# of 85904
Not in this case, and situation. Move to Nevada changed much, the preferred shares to the 2 directors that give them a permanent 51% float of the OS no matter what the OS is, selling the Canadian MEA to the Florida bank debt holder group deal, and a 5 mil dollar receivables line of credit.... Ponder and Keith can now do basically anything their creditors will let them do with out a fight that Ponder would loose, in which case Ponder would not do it, and right now I doubt the debt holders have any choice. But if one or more of them gets uppity with Ponder he writes the checks, issues the shares, and issues the PR, so he has the veto power and power of the pin, LOL.

I do think some of the debt holders are playing games with each other at the retail level, and I suspect the timing of the R/S announcement was Ponder firing a shot across the bow? I won't get into the details, as I have zero proof, and it is all just speculation.

But I suspect there are 3-4 major debt holder sides (and who know how many small ones??) that at war with each other, and Ponder has to deal with all them, while he grows the company.

Ponder either had a damn good reason to issue the R/S news now, or he did it to piss off/shut up or buy out a loan shark group giving him trouble?

All IMHO!!!! I have no hard, non public, evidence of any of this!!!

All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.