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Re: TradeasaurusRex post# 1340

Friday, 08/17/2018 9:13:38 AM

Friday, August 17, 2018 9:13:38 AM

Post# of 2523
Listing on the TSX or the CSE costs a heck of a lot of money. I appreciate Ehave management not raising a bunch of money down here and diluting the shareholders, just so they can get on a Canadian exchange.

Your comment that "at least $1.2 million that can convert at the lenders discretion at a 75%. That equals 60,000,000 shares at least printed and dumped... at this volume could send it to trips in an hour or two." is a legitimate concern, but incorrect.

The debtholder could never convert to more than 4.9% of the outstanding shares without a form 13G and being considered an affiliate, which would make them subject to 144 requirements. Whoever owns that debt could only convert in tranches of 4.9%, which would be about 3.75 million shares. Here is where you're on track, 3.75 million shares dumped into the market would do major damage to the pps. Whoever has $1.2 million invested in the company would not want to destroy the pps so they can get $60k - $80k.

Sometimes you just have to have a little patience on these low-priced stocks. Management doesn't have all of the money in the world, so they can't do transactions by storming into the conference room and kicking everyone around.

"The Stock Market is a device for transferring money from the impatient to the patient…. Warren Buffett"

Peace.
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