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Post# of 797134
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kthomp19

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kthomp19

Re: BREAKER098 post# 767479

Wednesday, 09/13/2023 5:56:47 PM

Wednesday, September 13, 2023 5:56:47 PM

Post# of 797134

What if YOU are wrong about SPSPA conversion.



This is an asymmetric situation.

If Glen is right about a senior-to-common conversion, the existing common are worth maybe 25 cents at the most while the juniors are worth at least 50% of stated value.

If Glen is wrong, the existing common will be worth more than 25 cents but the juniors are worth 100% of stated value.

Either way, if the commons win then Glen wins. The ones that bear the true consequence of being wrong about the likelihood of a senior-to-common conversion are the existing common shareholders.

See how that works?



I don't think you do.

Got legal theories no plaintiff has tried? File your own lawsuit or shut up.

Posting about other posters is the last refuge of the incompetent.

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