Friday, June 25, 2021 4:36:48 PM
Here are some concrete things for the 8M deal from GHS:
a) From what I see, there is no restriction period for the common shares. That is a big disappointment. Why not? He couldn't even get a 6 Mo. hold? Maybe there is an SEC rule that requires a certain holding period, but I do not think so.
b) Negotiate at least 90% of the VWAP for the price of the shares to be issued, not 70.....that's quite a discount on the commons.
c) Use PREFERREDS instead of commons to lessen dilution to the shareholders.
d) File a correct S-1.....this is a big one. Why is it riddled with inconsistency. Why does the OS apparently DECREASE?
People can say what they want but price always dictates. There is a reason why the price has reacted as it has, and that is because many people have questions and doubts about this deal as they should.
That doesn't mean we don't see the potential in Soundstr, but, if GHS is 100% set on selling their DISCOUNTED shares into the market, it will be a long and painful road. We may not see these levels for years.
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