I'll explain this ONCE, since numerous people seem to have this same mistaken idea and I truly think it is beneficial to tell the truth about it.
"roughly 16 million shares to sell once November rolls around."
Nope. A smart investor doesn't invest money into a company with an eye towards immediately selling it. They are not bullish because they wish to sell. They are bullish because they believe the stock and company shall go UP. So they BUY shares, and gladly state that they are bullish on the company.
Will I convert notes into shares at some point? YES. But that is not SELLING shares. That is GETTING shares. I think you have it backwards. If someone bought millions of shares of stock in the open market, and then told people he bought those shares and was bullish, what would you say? Would you say he is wanting to sell? Noooo, he is BUYING shares. There are other bulls on this board. Do you say each one of them is bullish because they want to sell shares? Of course not. Will I ever sell shares? yes, I shall. As I need some money, need to redeploy, think the company is maxed out or many other reasons. Right now though I am bullish on the company, I have bought shares and shall convert into more shares in the future, and that conversion itself has NOTHING to do with "selling" shares. I hope you and others see how there is no logic in that statement that a person buying shares and bullish is therefore considered a seller.
Now the difference. When someone buys shares through Etrade (or wherever), they buy from other people. From sellers. The company gets NOTHING from the transfer of ownership. In my case, I bought my shares in a different way than through Etrade. I bought by giving the company the money directly. By doing that, it allowed the company to EXPAND and open TEMPE and TUCSON. It started as numerous notes, as that is how the company structured it, and now I have converted some into the shares I want and shall convert ALL my notes to shares over time. Because I want to own shares in a company I am bullish in. Makes sense, right? Buy shares in a company you think over time shall expand, grow, and prosper, and one you think shall lead to higher prices in the future. That's investing! Converting dos NOT automatically mean selling though. Just like if someone bought shares through Etrade it would not mean they are automatically selling those shares. They are BUYING. Converting and buying through a brokerage. Same thing. BOTH are BUYING. I already paid for the shares when I bought the note, and at conversion I GET the shares. It is not selling. Does that make sense?
I'm not going to discuss this after this post. I just know that I bought shares of this company, through the company directly, so they could open Tempe and Tucson with my purchase. And I shall convert all my notes over time. All I did was buy shares, through a longer process of notes first.
Now, since so many think me being bullish is somehow a self serving thing, I'll ask one last time. How is it different than any other bull on the board who bought shares through their broker? I bought my shares and we all gained Tempe and Tucson. Sounds like a bull action to me!
Last statements. I am a shareholder. I currently still own some notes, and when converted I shall be ONLY a shareholder. Nothing to read between the lines there. NOTHING. When people write other things, they are incorrect. I am in the end no different than anyone else that owns shares and is bullish, which is WHY we bulls own shares. Crazy right? We buy shares in companies we are bullish on. Yep, makes sense to me!!
A shareholder from buying and from converting notes to SHARES. Nothing more, Now that everyone knows, saying I am anything more or have any conflict that any other shareholder would not have is just not accurate. End of story on conversions. They are ways to BUY shares, and a BULLISH thing to have someone do. It is INVESTING in the company, which is what buying shares IS. End of topic. I'm now ignoring all other posts on "me" as the topic, instead of the company. You have the truth. Converting is getting shares, just like buying on the market results in getting shares. Neither is a way to "sell", although both eventually lead to that person selling their shares in the future. My goal is to sell in the future at a nice profit. But that's for me to decide, not others saying I am doing such and such with MY portfolio. Off topic for them to venture as to MY portfolio.
