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Re: benfrankledger post# 90932

Sunday, 01/17/2021 6:18:59 PM

Sunday, January 17, 2021 6:18:59 PM

Post# of 113426
I can tell you that the highly-dilutive notes that SHMP signed to get funding from GHS included the explicit terms that GHS never own more than 4.9% of SHMP common. Presumably, to avoid a 31-D. While GHS has shifted gears and appears to finance SHMP via preferred shares with a cheap conversion price, I would expect the same to apply. I doubt we'll ever see GHS exceed 4.9% of the common. It appears GHS sells them almost as soon as they get them. And they might even borrow and sell ahead of the game, knowing they're getting cheap shares to replace them. Jut speculation, of course.

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.

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