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Thursday, December 03, 2020 9:14:35 AM
DiPrima interview, there are a few things they need to do first:
1) Domicile in a new State, because the one they are in wont let them increase the AS any farther. They are at 1.5 Billion or so now. The problem is, if they don't increase the AS they don't have shares or money to pay anyone for anything.
2) Once domiciled in their new State, increase the AS to pay the debts owed. This translates to some degree of dilution to existing shareholders, while at the same time reducing the value of shares paid out. Note: in the PURA case it's a 1:1 purchase, but the purchase price seems based on the value of PAOG stock when paid out, not a real dollar figure.
3) Pay PURA. This seems to be their #1 priority. You are probably aware there has been no discussions in their PRs of paying anything to KALI. So I suspect you are pretty far down the list or more likely out in the cold. Don't feel alone. DiPrima took all of PAGO's clinics and gave them a stoner marketing "genius" from Florida in exchange.
Anyway that's my understanding, I've been wrong before.
Good luck.
Who doesn't love fresh shrimp?
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