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Re: HappyLibrarian post# 338393

Friday, 12/11/2020 1:49:29 PM

Friday, December 11, 2020 1:49:29 PM

Post# of 700536
You should reflect back to the 2018 vote and how they played that, then see how it applies here.

Votes requiring 50+ percent of all common can always be difficult in a company with heavy retail due to non-votes. Despite people talking about LP and others ownership, they have few common shares.

In 2018 they played a nice game. They freed up space to convert preferred shares by paying others to suspend conversion options. Then they allowed 100M or so to convert, but required them to vote for the share limit increase.

Does anybody not see how this could apply today? They still have 370M shares available to issue. If they want to offer any sort of deal like they did in 2018, they have to keep exercises right now fairly small. And they are doing that. So lock up warrants for a while to lock in votes.

What they will vote on I do not claim know. But if it was any supper good news they would not need a campaign.




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