Thursday, August 16, 2018 9:14:44 AM
Right now and since the last time I checked on this after a big investor asked me about it I cannot see much difference (saved him about 50% as the stock has declined that much in a short period of time)..
As best I can see at least over the last 6 months and recently the only people benefiting from anything are those converting and diluting all the shares. I would take a guess that that somehow ties into all the positive stuff I see here. What are your thoughts 12ka?
I happen to think this is an excellent product. And I did some preliminary research about that and I heard nothing but positive responses including from golfers that have never seen it before
But it all boils down to who is buying and selling. And how much selling, it really is that simple. Perhaps today's call will offer more insight into the plan that will help people.
The questions that need to be asked are...
1- What dollar value of convertible notes is left. Is it the same as on the financials just released (somewhere around 2 million). When you get that number figure out how many shares can hatch based on conversion formula
2- How and when do those preferred convertibles hatch? And what will the deal be. If they say that deal is still not done then you have a big unknown until you find out that answer. Also ask what lockup period is on those shares, or if not done yet what they think the structure will be.
3- Why is the TA gagged (heard this from a few people did not call myself)
Please see my prior post regarding specific info and pages on the financial mentioned so you can see the info yourself
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
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