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