InvestorsHub Logo
Followers 38
Posts 2616
Boards Moderated 0
Alias Born 11/21/2015

Re: renegade post# 31331

Thursday, 08/16/2018 11:09:53 AM

Thursday, August 16, 2018 11:09:53 AM

Post# of 96660
Nice thought but it would show up as reduced stock OS on the financial. So as of June 30th , not happening as of then, but could be possible. But sorta hard with the 15k they had in the bank as of June 30th.

The key here is this company is clearly worth something but you need to know

1- What is the final deal with the preferred shares and can they convert now before the deal is final. That is 6.2 million dollars there or so. SO what happens with the limbo period. And how long is the preferred equity locked up for (usually 6 months?) or some gets redeemed on financing.

So technically the best deal would be it gets to preferred then is redeemed upon a new investor coming in on better terms . That is what to look for.

2- How much of the convertible notes are left

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