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Re: surfkast post# 13536

Tuesday, 02/08/2022 10:49:13 PM

Tuesday, February 08, 2022 10:49:13 PM

Post# of 14877
Not sure what's confusing or incorrect.

There isn't a scenario where O'Shea, Lewis or Dillon (or any other note holder) benefit from a drop in share price.

Even if Lewis or O'Shea converted their preferreds (which they wouldn't because those preferreds lock their control of the company) they would make more selling them at a higher share price.

Dillon's notes are 20k each. Peanuts. Big whoop.

Even at current low prices it's only a couple to a few hundred k shares each at the prices he'd be entitled to convert at. He'd need several days of quick big increases in share price and lots of volume to make converting worth more than 20k-30k in profits on each note. Either that or convert now while it's low and hold long term.

Accumulating voting power has no practical relevance as a motive because Lewis/O'Shea have control locked via the preferreds.

The only entities who benefit from a drop in share price are either those who are hoping to buy common shares cheaper than they are now... OR those who benefit as a result of CYIO not succeeding... eg. direct competitors or someone at odds with the company perhaps in a lawsuit.