So it appears Lai80 from Stocktwits created a profile over here to tell all of us AESO holders we have no chance at a fruitful investment with CognoGroup because we aren’t RCRT shareholders. Moving forward let’s just call him L8 (as in LATE to the party).
There is no proof the company will immediately convert the 1M control block of Preferred A shares into 1B common shares. That I one of the most retarded predictions I’ve seen in a long time down here in the OTC.
L8 mentioned the AESO A/S is 500M & they would probably raise it to cover the conversion. However, IMO with 47M+ O/S they have 452M shares they could use for the share block distribution to current RCRT holders. It is completely unnecessary to convert the control block. Even if the current AS was fully diluted the current OS is less than 10% of current AS. There is the 90+% RCRT shareholder ownership L8 claims is required based on the match he provided.
L8 also thinks they plan to just do a reverse split to uplist again (strange opinion and why leave Nasdaq in the first place to give your shell to another OTC gambler crew in GOLQ). Wouldn’t the resulting RS price be higher with less shares outstanding? And wouldn’t current RCRT holders be just as pissed having their AESO share distribution RS.
It would be one of the dumbest moves on any CEOs part to fully dilute a brand new shell for the basis of a share dividend to RCRT holders. Additionally, why would they want to create the ability for the CognoGroup warrant holders to buy nearly 15M shares at .01? That would be what they can buy with 1.4% of a fully diluted AESO. I don’t think the Warrant holders would appreciate a RS either. Since after exercising the warrants to get commons those aren’t protected anymore from my understanding.
L8 makes some bold predictions, guess we will see what happens. Alternative opinions are healthy, but I agree there is an agenda at play.
$AESO
GLTA
