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Re: Harry Winston post# 49351

Monday, 07/29/2019 3:26:09 AM

Monday, July 29, 2019 3:26:09 AM

Post# of 52844
1. So you agree your claim about YAGI hasn’t been converting bonds was false?

2. “If the company's financial health is good, any bond conversion would be counterbalanced by large-scale buying of the stock by members of the public who had just become bullish because they read the bullish facts and figures in those reports.”

That’s the biggest BS there is. Kevin stated there still is the possibility of dilution, so there still is a debt. If we go by the latest known numbers:

From the most recent 10K

https://www.greenshift.com/content/secfilings/pdf/GERS_10K_2015.pdf

“As of December 31, 2015, the Company had $1,877,991 in cash, and current liabilities exceeded current assets by about $11.5 million, which included derivative liabilities of $7,148,016 and $4,343,696 in convertible debentures”

Over 4.3 million dollar convertible debt means that even if it was all converted at 6 cents, it would increase the float with over 60 million shares. Meaning each share would be worth less than 1/4 of its value now. Also the litigation windfall for the common shareholders would be slashed by four.

That would be if it was all converted at the same price. And like I showed, no way that is going to happen.
You cannot buy against that.
Even the share price of the best performing companies in the world would crash if the float was 4 times as large all of a sudden. And since it crashes and the bonds wouldn’t all be converted at 6 cents, the float would increase way way more, making all of our shares practically worthless within a year, before the lawsuit ends.