Sunday, July 25, 2021 11:40:30 AM
I'll rehash this... they never took a salary, nor did they convert any shares and sell shares via a form 4. THEY DID NOT SELL SHARES! Wow, how greedy of them, lol
Now, after they have targets (acquisitions), with an investor or institution willing to be able to fund BYOC under favorable terms, NOT with covertable toxic notes, Geordan has now set himself up to personally (as the CEO) to take stock ownership in the company instead of cash.
That also does not mean he's going to necessarily sell shares in 6 months per rule 144!
Assuming the acquisitions are going to bring value to the company, then any conversion is at the closing price of the last 5 trading days, as per the 8k... this is "NOT at par value". So assuming share price rises, Geordan will get less shares compared to current share price. Simple arithmetic can calculate this.
This is very fair and shareholder friendly, since the Pursgloves have taken zero from BYOC, even after taking the company from a shell with zero operations to a holding company and then purchasing S800 with yearly revenues and a 60% profit margin.
Now after giving indications they're acquiring companies, he's setting himself up to finally reap benefits after finding these companies, tells me things ARE CLOSE, when previously the Pursgloves have taken ZERO, this far.
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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