That’s how you play these.
Like the DE shells, I stick with each till the R/M Krew gives up on a play.
Bag holders will beat these to death if there is a hiccup.
Average down is part of a R/M play you can’t ignore.,
I doubled me hold of RIBS too. Rolled two dogs into here. That felt good. Screw Company pipe dream stories. Give me shells. I never learn.,
LPHM will get a chunk of cash the morning it opens to trade.
The risk is Ben walking away.
He’s done it before. Debt holder begged him to come back.
They are playing high stakes poker.
Raising the A/S is a stroke of brilliance. Ben is not diluting the float. I assume the debt holder gets Preferd shares for his debt and restricted block of shares. Package it differently.
Remember if the Board of directors do not agree to remove the restrictive ledger on these shares, they can sit forever. Convert that debt into P shares shares and sell this shell as a low O/S no debt vehicle.
Let the next guy deal with it.
The debt is dead as it sits in this form today. Ben is the only hope.
Really, it gets sort of fun at this point.
After BABL, you think Ben is a roll over pussy?
I assume this is what is going to go down.
How do you remove 44m from the O/S by raising the A/S? Has to be to cover a block of future P-shares.
Debt holder is not going to get a lump of cash. He has only one way to get paid. Become an investor.
The debt holder should negotiate that amount. A true instant where its better to get something than nothing.
He knows it too.
