Thursday, July 30, 2020 9:28:22 PM
"You can see that 35 BILLION shares at .0009 has the same value as 7 BILLION shares at .0045. So, when the stock goes to a few cents, say 3 cents, because it is no longer bloated and struggling against 62 BILLION shares, the Whelan's 7 BILLION shares would have a value of $210 MILLION........"
Even if she want to keep a portion in conv. notes to score a few billion extra shares, I wonder if shareholders wanting to scream murder to the SEC would be ok with her keeping 7 billion shares or so, as shown above and in the prior post. That would be smart as hell and who needs another tussle with anyone, shareholders or Regulators. BIEL has had enough very costly controversy to last 10 lifetimes!
That way, she avoids the ridiculous 60 million share-plus threshold, giving the company, all shareholders, mostly the Whelan family, and the share price a solid chance to run hard and long, with greater share price sustainability at the top end, after deals are announced. Beats falling back into the toilet because of an absurd share load.
Some would say, announce the deals first, see the share price reaction and amend share structure later. Kiss of death.
It's new money, new investors, excitement in the future, the situation needs, not the same old, 'oh, the Whelans are helping themselves again'. Very few in their right minds are going to play in trading a breakout stock like this, after deals are announced, while carrying 60 billion shares - it's like setting the table after dessert, the food's all gone. Nope, set the scenario properly, amend the share structure first and look like a hero when it runs hard, instead of like a fool, when it stutters and struggles for a while and perhaps falls out of bed again into its toilet stall, because of the 60 billion share number. To not do something first looks self-serving and amateur, but if she is proactive, she looks like a hero. Can't lose!
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