Unique Logistics International Inc (UNQL)

[LJ-Bodhi]

Congratulations, you finally ADMITTED the EAC merger agreement states all of the UNQL preferred shares will convert. You still don't understand what that means for the new EAC share structure, but it's a big first step. Good job!

The EAC merger agreement states they shall all convert. Yes that true, the preferred Series A B C D outstanding are converted to restricted Buyer Class A Common Stock. Pay attention to what I say only the outstanding can be converted.

As I have ACCURATELY explained, those nearly 9 billion converted "preferred" shares (as of the day before the merger closes) become UNQL "common" shares. This EAC merger agreement supercedes the 800m AS limit. This EAC merger agreement lets everyone know publicly that ALL of the UNQL preferred shares WILL convert to UNQL common shares as part of this merger. You FINALLY get it!!!

And just like your own common shares, they don't have to do anything to receive their new EAC Class A Common Stock. When the merger closes, those UNQL common shares (all 9.6 billion of them, including yours) will convert at the Exchange Rate. That exchange rate is CLEARLY defined in the merger agreement and I explained it many times now. It is your choice alone to ignore facts.

And I agree, all of the UNQL "preferred" shareholders were identified by name in the Lock-up Agreement. Yes, after they convert their nearly 9 billion UNQL shares into nearly 28 million EAC shares, THOSE PEOPLE have restrictions on selling their EAC Class A Common Shares to anyone else for different periods of time, up to a year. But, just because those COMMON shares will be RESTRICTED does NOT mean they will not be counted as part of the new EAC Outstanding Shares. Figuring out market cap and share price has NOTHING to do with restricted or unrestricted common shares outstanding. ABSOLUTELY NOTHING!

The more you post, the more clear it becomes that you intentionally mislead, or do not understand public stock. Maybe it's both. Doing something wrong for 38 years is still wrong. Smart folks learn.

There are currently 1.7m EAC shares outstanding. When the merger closes, Colbeck automatically will have their 6.9m founders Class B Common Shares (reduced to around 5.3m shares if you actually read filings) converted to Class A Common Stock. That will be 7m shares in the OS. They are BUYING UNQL and the UNQL shareholders will receive around 28m newly issued EAC Class A Common Shares. That is EXACTLY where the new 35m OS number comes from. Any newbie should understand that stock price is determined by dividing market cap (the VALUE of a company) by the OS. Get your calculator. $10m market cap divided by 35m OS equals $0.285/share. That's how it works.

Clearly, you are trying to spin things around to paint a picture that doesn't exist in reality. Watch. Let's take ALL UNQL shares out of the equation. There are 1.7m EAC shares now, plus 5.3m Colbeck shares once they acquire UNQL. That's 7m shares outstanding. The EAC trust will be empty, so the market cap of EAC will be the market cap of UNQL. Today that market cap is around $10m. In fantasy world, where we don't add ANY new UNQL shares to the EAC outstanding shares, let's calculate what that share price will be. 10m market cap, divided by 7m shares outstanding equals $1.43/share. And that's before you add ANY new UNQL shares to the OS at any fantasy Exchange Rate you want to come up with. Only $1.43/share. Every new UNQL share issued will drive that share price lower. It doesn't matter how many are restricted. That is EXACTLY why all those very smart investment bankers who originally invested in EAC at $10/share redeemed 26m shares and got $260m back from the EAC trust. So they wouldn't lose 85% with low value, $10m logistics company UNQL. They are smart. They know how to analyze financials. They don't like to lose money.

The only folks who should be scared on this Board are those who trust your posts. But, keep telling everyone on your MOMO and other you know what Boards what a great "investment" UNQL is. Get that volume going so that Texas guy can keep unloading his 40m UNQL shares before the EAC merger. He knows better, and appreciates your efforts.