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Tuesday, 12/22/2020 3:29:01 PM

Tuesday, December 22, 2020 3:29:01 PM

Post# of 113073
Let the dilution begin...

https://www.sec.gov/Archives/edgar/data/1465470/000165495420013818/shmp_8k.htm

GHS is spending $5M. What do they get?

1. 6M shares of common stock, worth $2.7M at today's PPS (which, mark my words, is temporary...on the high side). Has GHS already dumped these shares and recouped half their investment?

2. The right to convert their new 5,000 Class D shares, bought for $1,000 per share but valued by SHMP at $1,200 for conversion, into common shares at a price of TEN CENTS PER SHARE, SUBJECT TO ADUSTMENT. That's right...$1,200 divided by 10 cents a share times 5,000 shares is 60 MILLION SHARES.

Those 60 MILLION shares plus the 6 MILLION shares is 66 MILLION SHARES. And once the Class D shares are converted, the outstanding shares will be 600 MILLION out of 900 MILLION AUTHORIZED shares. The R/S just got that much closer.


I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.

Volume:
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  • 5Y
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