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Tuesday, November 17, 2020 3:46:29 PM
Billions...in convertible preferred stock is to withstand 2 1:10 reverse splits. The first one will be at $0.40 and take INNO to an exchange (NYSE, NASDAQ) at around $4.00. This will be in about a year maybe faster as they have some acquisitions to 'take care of'...down here (more preferred stock). The second 1:10 happens at $5 or $6 and takes INNO (ULHI) to $60 (3 years from now)...meanwhile, 2 billion (or however many) of the preferred are now 20 million (2B / 100, 2 1:10 RSs)...20 million shares by $60 = $1.2 billion = how one (CEO and other large ULHK beneficial owners) becomes a miniBezo, a miniMusk, lol...
Only thing that makes sense to me.
Meanwhile, they make acquisitions with the preferred stock and keep the OS/AS and importantly, the FLOAT, at very low (comparably) levels...while they make ULHI's performance move the stock, do the talking...
Market cap now around $13 million with $70 million (incl India) in revenue coming in shortly.
Only thing that makes sense to me.
Meanwhile, they make acquisitions with the preferred stock and keep the OS/AS and importantly, the FLOAT, at very low (comparably) levels...while they make ULHI's performance move the stock, do the talking...
Market cap now around $13 million with $70 million (incl India) in revenue coming in shortly.
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