InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,412.40
(
0.05%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.84
(
1.12%
)
Bitcoin
64,929.34
(
-2.37%
)
Post# of 68548
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

deal guy

Send PM Follow Ignore
Followers 15
Posts 824
Boards Moderated 0
Alias Born 12/12/2013

deal guy

Re: Jabez Advisory post# 63420

Friday, 07/05/2019 5:31:50 PM

Friday, July 05, 2019 5:31:50 PM

Post# of 68548
Most of those shares were issued back when Fife was converting debt into equity. Fife acquired his shares at a deep discount to market. 4bn of shares might have covered the conversion of $150-200k in debt. Nice profit if you can make it.

They also issued shares back then to pay salaries to some of their employees.

The good news is there will be no longer be any large issuances for debt conversion.

The next big potential issuance is if LRS exercises their option to acquire shares which has not happened and won't until the price increases to 3x to 5x current market.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up