Mr. Jawbone,
Camping trip was great, not as smoky as the fake news media will have you believe (in the mountains that is). And I do not EVER drive through California these days, those leftists have killed that state, same with Massecuites (Boston is a real shithole now as well).
I am very glad you are a finance guy; it is great to talk to somebody with a brain in their head not these armchair Warren Buffet’s lol.
On to my bond theory, they would not need to be “bought” since the Class D shares were already bought, they would just be converted to bonds and reissued as Bonds that pay interest in stock options or cash if possible. Logically this is ideal for insiders, institutional and corporate investors since bondholders get their money first when things go tits up, they (bondholders) even get paid out before preferred stockholders.
Also, the company would have to refile the 13-D’s in this case and that would cause upwards buying pressure, also it would intrigue the investing public as how many triple-zero stocks issue bonds? Just curious as to what got you into this one? Family, friends, stumbled upon it or what?
I believe honesty is the best policy so I’ll go first, I seen a beaten down stock with some decent IP and a chart that can really move if things happen a certain way, you seem to have been here a while. I hope you did not sink any money into that quagmire called MSGI, I still have shorted shares in that mess that I cannot even buy back since the SEC has no market for toilet paper so unless you shorted MSGI you really got burnt but I doubt you fell for that trap. I know I sure did not.
I wonder why you would even want the 14-C to be approved? Reverse splits are a real gamble unless the company is ready to breakout because all gains from a R/S are FAKE. The price goes up as per the ratio yes and the float thins out, but without positive buying pressure the potential losses are unlimited. And if you hold say a billion shares of stock at say $0.0005 and a R/S hits at 1 to 100 then yes the price goes up to $0.05 and you hold now ten million shares of stock, so there is no real gain unless the markets react positively, all it takes is some selling and only minor shorting to drive the price right down the tubes again.
Even if you have anti-dilution clauses it will not stop your shares from being split (some people seem to think that non-dilutable shares are un-splitable, this is a common lie told to gullible investors by shady management). All those anti-dilution clauses do in fact is make it hard for the company to issue shares at a lower price than what they were bought for (the “ratchet” effect). So for example, an angel investor buys a billion preferred shares at $0.001 per share and has a full ratchet on them in that if the company issues shares below $0.001 the amount of stock actually owned by said investor will increase (the conversion ratio) based on the difference in the issue price.
But we need to plan an exit strategy here, in such that we need to try and guess the price that the preferred holders want to get for their stock and sell out at just beneath that value. My experience in corporate finance would have me wager that the preferred holders want at least $10,000,000 for their stock based on the length of time they have been invested here. So, that is about a share price of about $0.006 and gives the company a total value of about $18,000,000. This is an obtainable number in that with current filings, clear disclosures on who owns what, details on product development, licenses, patents, etc. I feel with enough positive buying pressure it is doable, however, it will take multiple days maybe even a month steady of 100,000,000 volumes.
That is how PV*DG did it and they are a scam now run by our very own Mr. Katzaroff (but as we both know; scams can make money too).
Also, there are still a significant amount of warrants in play at 0.0045, and 0.005 so some group of investors (warrant holders) are banking on a share price increase to at least those levels and those warrants end at the end of this year.
Based on known Level 2, we will need about 3 billion in volume in a month to hit $0.006, at which time I and hopefully you will have gotten off the bus, there is no need to be greedy here. Also worth noting that 3 billion is about the total amount of common, Class A, Class B, Class C, Class D shares on the books plus the existing warrants and the common stock set aside for everyone's favorite mystery man Martin Wood.
Thanks:
-DB
