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Re: sp4202 post# 276934

Friday, 10/12/2018 8:18:00 PM

Friday, October 12, 2018 8:18:00 PM

Post# of 343825
So, I am hearing that Sharp will be rolling a finance company into GRDO. Since the shutdown of Alpine and Cor, the new way penny companies are going to receive funding is through preferred/restricted shares. I believe RDGL was Sharp's beta test, and now he is going to run GRDO with that business model. in essence, the group of investors will be the new bank, and since preferred shares are normally given out at a ratio of 4-1, it is ostensibly the same as the 40% discount from the VWAP, currently given to converters. If the company succeeds, then the financiers can convert at a much lower floor price and they get 4 times the shares. If the company tanks, then they still get 4 times the shares, but the conversion is adjusted down. WIN/ WIN