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Hattiesburg Patriot

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Hattiesburg Patriot

Re: muckeypuck post# 205200

Wednesday, 09/26/2018 9:01:15 PM

Wednesday, September 26, 2018 9:01:15 PM

Post# of 211436
According to the 8k disclosure, Moran has 50 mil preferred stock convertable to common at 50 times that. His filings with the state of Mississippi show 2.7 billion common shares total that can be issued. So converting 50 million preferred with a 50 multiple comes to 2.5 billion. Since he has issued 2.7 billion (massive dilution from 1 billion to 2.4 billion from December of 2013 to September 2014), he can't convert stock. PLUS the company has no value.

What exactly does Dewmar own to justify the current market cap?
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