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Re: grunt23 post# 53794

Sunday, 10/13/2019 6:29:17 PM

Sunday, October 13, 2019 6:29:17 PM

Post# of 113252
Grunt,
Don’t put too much faith into the four month hold. There have been many amendments filed that I have not dug into. These may be in one of the many short term prospectus. The holding period was removed from the first conversion and may have been removed altogether.

More importantly, Lind does not aim to hold shares. They made 20% in interest when they signed the deal and their entire business model revolves around cashing out as soon as possible. It is extremely unlikely they hold 8 million shares. Their goal is to convert and sell as soon as they are allowed. A stable share price is almost certainly their preference as it reduces risk. Short of that they benefit most in a rising share price environment. The key point is that Lind does NOT accumulate shares and has no incentive to see the share price fall. If anything they act as a market maker and provide share price stability.
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