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Re: Jeterman1 post# 81596

Thursday, 03/07/2019 4:33:16 PM

Thursday, March 07, 2019 4:33:16 PM

Post# of 100423
They could reduce the share count by using the strategy I described and bring it down to a more reasonable amount. Just imagine if their angel investors were to come up with $5,000,000; They might be able to retire two to three billion shares depending on what they could buy them for. Of course we don't know what kind of conversion rate the warrants would carry. In my example I had assumed one for one.

Then there are still two other items they need to address.
1. All the stock currently issued that can be converted to billions of common shares.
2. All the restricted shares (over two billion) held at the DTC that is currently frozen. This is not helpful in the long term even if the owners can't sell them.

These are questions I had submitted for the call that I don't believe have been answered.

I'm still hopeful that they have some deep pocketed investors lined up that see the potential here. Maybe those coal brothers; especially if they are bringing Cann10, H360, Dharma, and BLDV together.