Wednesday, January 15, 2025 9:58:09 PM
There is a guy named Avi Mirman. He was a toxic loan converter. I spent a fair amount of time talking to him. I asked the same question you are hinting at... why sell stock when a company with potential takes out these loans. His answer is that toxic loans are like printing your own money. You basically short the stock down to nothing and you make so much money on destroying the company that you learn not to even care what they do. Better if you dump into a PR so that the good news doesn't get traction.
Specifically, any debt will have gotten converted regardless of hopes and dreams. The warrants were mostly given to the lenders, so same applies. The preferred b's... Michelle Rivera was dumping her B's while being the VP of Marketing. I don't have anything nice to say about that. Looking at OTCmarkets, it looks like she may be back as VP of sales. I would imagine she has been selling still. Same with Grado.
Preferred C's. That is tough. They were likely offered a golden ticket. Many may not have wanted to tie up their money for another 2 years minimum. I personally expected that most would have taken the deal, but not all. Since we don't know what they were offered, they may have concluded that it was better to take the cash while the stock was up. To think it means the future is crap because of this is... dumb. There are many who sold HMBL at .0003. There are even people who sold at .001 recently. I think they missed out on Shangrila, but to each his own. Preferred C holders won't be given insider info as a blanket statement, as that would be against the law.
Specifically, any debt will have gotten converted regardless of hopes and dreams. The warrants were mostly given to the lenders, so same applies. The preferred b's... Michelle Rivera was dumping her B's while being the VP of Marketing. I don't have anything nice to say about that. Looking at OTCmarkets, it looks like she may be back as VP of sales. I would imagine she has been selling still. Same with Grado.
Preferred C's. That is tough. They were likely offered a golden ticket. Many may not have wanted to tie up their money for another 2 years minimum. I personally expected that most would have taken the deal, but not all. Since we don't know what they were offered, they may have concluded that it was better to take the cash while the stock was up. To think it means the future is crap because of this is... dumb. There are many who sold HMBL at .0003. There are even people who sold at .001 recently. I think they missed out on Shangrila, but to each his own. Preferred C holders won't be given insider info as a blanket statement, as that would be against the law.
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