Karl, I agree with the majority of your post.
I've tracked the daily through Level II and noted some strange trading patterns here. I too found it interesting that we supported 2 at the opening with the trillion share filing. I held because I felt the structure is a defensive play and NOT a logical business play. It also helped that the open was equal to a large portion of my earlier buy-in.
The part of this PR by SRAX that has the creative juices flowing is having SRAX only taking the 89% of outstanding shares. I'm guessing that FPVD and SRAX couldn't reach an agreement on the per/share value, thus the 89% of commons.
If they are transferring 89%- or roughly 740K into the new structure, it should mean 89% of the commons held by shareholders would have the value created under the new structure (which is still to be seen). It than "sounds" like the remaining would stay in the FPVD body cam business.
I know we have folks assigning some real world share values for the transfer, but having reviewed the potential for this new company, I believe this runs to much higher numbers, VERY quickly.
Your thoughts.
