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Wednesday, June 19, 2019 10:24:40 PM
If the takeover was with a company with 10 times the assets they would end up with 10 times the shares of the current GNCP holders. There are 1 trillion shares when the preferreds are converted. Current common would get maybe 2% of the 9%. or 0.18% of the shares. The new holders would get 10 trillion, preferreds a trillion and common the current 21 billion for a total of 11.021 trillion. A 100,000 to one reverse and you have a reasonable 110.21 million shares with a dollar a share price.
IF you don't think it works this way explain how you think it works.
It doesn't work in a way where the people without assets and looking for them (you) get assets and money for free; and the other people give you assets and money for free. I would hope that is obvious.
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