InvestorsHub Logo
Followers 69
Posts 23316
Boards Moderated 4
Alias Born 02/23/2009

Re: bigballer_sa4 post# 144215

Saturday, 06/15/2019 2:53:25 PM

Saturday, June 15, 2019 2:53:25 PM

Post# of 222495
Toxic dilution impact of preferreds convesrion: look...again...



Table may contain errors

Common shareholders that do not own preferreds or notes are outraged by this toxic share structure

Many of these preferreds are already converted and could hit the market with 11.2 Billion new common shares

That is what I call a TOXIC FIASCO for the common shareholders

Now who do you think would buy common shares at 0.0001 thinking it is a steal, when in fact 11.2 BILLION shares can flood the market at any moment.

There will be NEWS & DUMPATHON around end of June when these shares become unrestricted

And since the preferred shares receive any proceed to the company before commons can collect one cent, the current share structure is such that common share holders are very likely to never receive anything from any duture deals

VERY VERY VERY TOXIC FIASCO HERE

WELCOME TO THE NEW TOXIC GNCP