Wednesday, April 28, 2021 12:04:23 PM
The rest of us strong willed shareholders get to see .80 fall as we punch a joke in the sky through several dollars.
1.9mm float. $50k of convertible debt! $30k not due till 2022. That’s nothing.
Probably is held in one of ChrisWinter’s LLCs. Same LLCs that will be buying the debt in the New Co once it gets in.
They want this PPS as high as it will go then.
The 17mm is owned by Winters. That’s the market cap. He won’t sell and lose control of this, so in my gorilla math, I see the MC as the Float X pps.
$380k MC is the way I’m looking at this.
That 17mm could be returned back into Treasury snd he issue himself Preferd A shares with ultra voting rights.
It’s the way these things flow.,
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