Home > Boards > US OTC > Electronics and components > Lingerie Fighting Championships Inc. (BOTY)

All companies convert stock. From the NYSE all

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Sobek Member Profile
 
Followed By 118
Posts 5,112
Boards Moderated 1
Alias Born 04/09/13
160x600 placeholder
Sobek   Sunday, 04/07/19 11:12:54 AM
Re: freebies post# 4794
Post # of 5376 
All companies convert stock. From the NYSE all the way down to no info grey markets.

In this case, the company would issue shares against their debt corresponding with the pps at the time of issue. Then it's up to the noteholder to decide when to sell. They can hold for higher profits or they could just dump.

So far what I've witnessed is noteholders are not that aggressive and are allowing the stock to 'breath' and inch it's way up.

But bottom line is the conversions are out of the CEO's control. About all the CEO can do if they do get out of hand is call them up and ask them to back off.

Disclaimer: Nonprofessional individual investor who may own, not
own, buy, or sell stock mentioned in posts. I never accept
compensation to post. Consult an investment professional when
investing. http://investorshub.advfn.com/Sobeks-Stock-Forum-32420/
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist