I'm wondering if you're the only other one that truly understands the implication of that post And that statement in the filings. I admit I'm pretty much like you like you and I'm going to ride the hype that the George worshippers are obviously going to push this too. And I truly hope he has a billion dollar company going into here, which really would put the share price Significantly higher.
But keep in mind as custodian, George Can pretty much create and assign any "blank check" Preferred share class he wants. Not saying it will happen, But if the current owners of this billion dollar company want to take The best tax advantage they can With the shares of this new company (as it explains)..... That means you and I and everybody else is gonna have to settle ultimately with dilution that gives "us" only 20% of the shares or less.
I have seen a couple Pose the question of why would people owning a few billion dollar company.... Just give a ton of that value to shareholders left over from a defunct company? Good question? We already have seen 5 million preferred shares added, and then the next filing filing another 5 million preferred Assign to "somebody", that convert to common stock at 30 to 1 (300M shares or 60% of total if converted)
For me, The 1st catalyst That will Put me on high alert for getting out...... Will be when you start seeing financials with a ton more common shares added Or most likely Another preferred class of millions That convert at a 1000 to 1.. Or something like that. Remember how the stock split on HMB L tanked the stock?...... The revelation, if realized, that they have the possibility of deluding everybody down to 20% or less.....well with any kind of luck , I'll be already Long gone!!!
