Monday, December 23, 2019 12:34:49 PM
I haven't read about any potential rewards throughout their agreements. Maybe I missed something, but I'm comfortable assuming they were purchased on the open market until the company states otherwise.
"Also does it mean more dilution for them, of are these shares that already have been available."
Answers to the dilution questions come when filings are released. IR still states 4.31m shares outstanding, but I'm sure it's higher than that. Cosman has stated he's ok with dilution as long as the terms are skewed in Attis' favor. So I don't believe he'd dilute for pennies on the dollar. Speculation though. I'll just wait for the filings to be released to give the rest of my opinions on dilution. I'm sure they will have changed at that point.
"And what does it mean for the previous deal of Attis buying GERS. Like I've said before, it seems strange that a company is 'bought' for 80% by another company and then buys a percentage of the company that buy them. It seems like a circle to me."
Did Attis technically buy into GERS or did they buy a majority ownership in a joint venture with GERS? From my recollection, Attis doesn't own any shares in GERS, just Flux Carbon. Maybe I missed that purchase. Again, wouldn't surprise if I did. If I did, I'd appreciate it if someone could point me to that purchase. Lots of information to take in here.
It isn't the same as a buyback.
Agreed, but I'd rather have the shares locked up by GreenShift than some other investor with a shakey hand. Decreases supply (assuming open market purchase) and increases demand. Worst case scenario, Greenshift sells the shares and pays down debt or completes restructuring. I'm ok with those outcomes too.
Lots of unknowns here my friend. Lots of certainties aswell, like a 10-year off-take agreement and CLIA and CMS certification. Any valuation under $20m doesn't do the company justice, KK knows that. If all the purchase was was an investment in Attis then he's made it an oportun time. I'm just hoping they don't make the same dilution mistakes GERS has.
Sorry for the long winded reply. These posts help me get my thoughts in order and allow for feedback. It's kinda nice.
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