Cartel Blue Inc (CRTL)

[buschboy]

Just some thoughts.... I would imagine that the carnes shares have been converted the same time as the AS increase. That would be a clean slate as far as the preferred are concerned. Meaning the new 25M preferred would not be reduced with the conversion. That would mean the OS is around 600M.

No surprises in that, all as expected. The 25M preferred could be kept for the poison pill effect, smart business. That still leaves 900M shares for future capital requirements. Rapidly growing companies need quick access to large capital. This is the best it gets with the current info imo. And you can calculate all the EPS, or whatever from that, none of those figures mean diddly in the pinks. lol

The problem for me is two fold. First, the TA is gagged. Second, the carnes preferred debacule was a total surprize. I have no idea how many other surprises are out there. Sorry, but these risks out weigh the potential reward for me(I don't see any chance of gain for me near term). I am just happy I didn't 'buy on the dips' this go 'round. I am lucky so to speak, I don't have that much at risk here anymore. And before someone say's it, I don't intend to buy lower. lol I'll be around just long enough to try and get a fair price for my measly shares.

GLTA