InvestorsHub Logo

j_t

Followers 2
Posts 113
Boards Moderated 0
Alias Born 02/05/2008

j_t

Re: weo1998 post# 10372

Wednesday, 03/12/2008 8:28:42 PM

Wednesday, March 12, 2008 8:28:42 PM

Post# of 62893
Idle speculation, but if the stock stays low, does that not discourage Cornell from converting shares? At anything around at .005 - .015, Cornell can redeem literally hundreds of millions of shares for the amount that Innova is in default to them (is the 500K a month from Dec. 2006 additive or do they have to declare each month?). If the stock starts to move, wouldn't Cornell just keep converting shares until the stock is diluted 2 - 8 X what it is now (without the stock ever being able to actually climb beyond the .015 - .02 range)? Is that is what is happening now? If so, then are high volume/small increases in price and/or any good news that doesn't involve getting rid of Cornell actually good for current investors? Also, could Innova manage to limp along until all their Cornell debt was converted into shares? Is that possible, or not?

jt
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COWI News