Worldwide NFT Inc (WNFT)

[Beauneedsbiscuits]

"Suggestions made here that after the 3:1 forward split, the incoming company is going to somehow arbitrarily chop the share value of the common shareholders to "less than 20 percent" of the company's value is ludicrous on its face,"

No its NOT!!

Why did George go out of his way to put that in the filing that this is a huge tax advantage of any incoming merging company to have greater than 80% ??

We know that these incoming mergers, the custodian Or whoever is put in control can add Pretty much what they want mostly through preferred shares with high conversion rates. The new owners Will not usually exercise the conversion rates but the fact that at any time they can add those shares to the total.... Trust me, Any of your institutional investors are going to calculate that into what they think per share value could be.

I.e. BRAV ran an 8 bagger last year. After which CEO promptly
Converted a bunch of his preferred shares For his own benefit, heavily diluting the common stock total... Immediately sank the price after running. George As far as we know has already added 10 million preferred shares and more can be added anytime they want.

And it doesn't take a rocket scientist to figure out why. Simply ask yourself if you were in the shoes of the majority owner of a 5 billion dollar company. Are you going to Give 50% of its stock value to some schmucks that happened to be holding a reverse verge lotto ticket? NOOOOO!!! You're gonna put not only as much control, but as much of the share value IN YOUR POCKET as you can.

But if they are 5 billion then even 20% as I have posted puts share value realistically around $3 a share.