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Post# of 148711
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Thursday, 05/15/2025 10:52:21 AM

Thursday, May 15, 2025 10:52:21 AM

Post# of 148711
I have way underestimated the value of the Pref B conversions. I went and looked at the number of common shares issued for the conversions by quarter since Dec 2021 when it started. I then multiplied that amount by the lowest share price of that quarter for the low end and the midpoint price for that quarter for the high end. I only went as far as Q3 2023 because the conversions fell way off.

The result?

Foote’s family, friends, insiders and partners cashed in between $60,000,000 and $110,000,000 worth of Pref B stock.

That is astounding.

The share price during that exact same period…Dec 1, 2021 through Q3 2023 dropped from $0.4153 down to $0.0013. That is a 99.7% drop.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95.7% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?

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