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Re: Involuntary-Recluse post# 29228

Monday, 11/27/2023 8:18:17 PM

Monday, November 27, 2023 8:18:17 PM

Post# of 33872
The key to that is predicting the number of shares CIWM will receive.

If they get enough shares to total 1B then you're market cap would be nearly $16B, which is pricy even by unicorn standards.

That said, Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd. (JSZY) didn't just sell their business ($20M in revs) for 50M shares just to be diluted into oblivion.

I suspect this is how it will play out. CIWM gets 60M shares, which puts us just under our A/S count of 140M. But they also will get preferred shares (3% interest), with conversion triggers. Some equation will determine the conversion ratio. The more value they bring, the more shares they get. As long as they are bringing value then JSZY won't mind being diluted because it's accretive.

I hated the furniture company. It's such an odd pairing. Made us look like a Chinese scam. But now I love them. When the dilution occurs, they'll be in the room, repping the value of their position, which directly affects our position, too. In other words, the interest of JSZY and the common US retail shareholder are aligned. And that's a beautiful thing!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y