Sunday, June 03, 2007 9:08:03 AM
I was just thinking, based on information intimated in the docket /complaint...
There were at least 10 initial investors who chipped in.
Just for simpicity, say a million dollars was raised. Now, company governance has decided to swap them out with convertible debintures (spel?)...
These would kind of be like private placements, wouldn't they?
Which don't require registration. The shares simply have to (be made to) exist.
Anyway with the press releases about planned acquisitions and so forth, looks like they will need, say $10m overall.
So there's a process here to get large block "investors" lined up. They've demonstrataed a willingnees to go the convertible route, so, to cover will need to tie up :
$10,000,000 / .005 pps = 2,000,000,000 shares
What a coincidence.
Or, going the other way, I wonder if there would be a way to figure max (virtual/eventual) dilution could be gotten away with...
Say, if they only needed $5 million then they can stop at .01 pps , oh wait, they didn't stop...
Or if still need $10m then need 4 bllion a/s with a tolerated share price collapse down to .0025 , hmm, could I be on to something here?
Thought I'd run this by a knowledgeable skeptic whose dd I find myself increasingly beginning to appreciate, the more time I spend pouring over all these sub-penny "gems".
But, ah yes, could this be it? In the rough. Someday.
"The world's largest cubic zirconium" <g>
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