>>>>With O/S of 30 million and A/S of 40 million there is no need to do R/S.. If the stock had a billion shares O/S, then maybe...<<<<<
thommygun88, if I had to take a guess as to what the final share structure looks like I would not be surprised at all to see more than the equivalent of 1.5 billion shares outstanding. The odds that Edward will do a reverse split are almost 100% in my opinion. That is just a guess on my part because Edward hasn't filed an 8-k yet, but I think it is a logical guess.
I know full well this is not what people want to hear or see posted, but people need to be aware of everything here to better judge their investment. One of the best ways of losing your shirt in the penny market is too ignore the impact that preferred shares can have on a stock. Several years ago when Mark Cuban (the billionaire owner of the Dallas Mavericks) purchased a shell people got all excited about and thought they were getting a good deal. When I pointed out to them that the real valuation of the shell they were buying was 10 times higher than they thought due to Cuban's preferred shares, I received many public and private messages telling me I didn't know what I was talking about and to just shut up and let the momentum carry the stock higher. After the share price collapsed, those same investors never acknowledged I was right.
FRTL could very well continue higher on momentum or valuation. But until Edward produces an 8-k that provides full details on the merger, nobody knows for certain what the fully-diluted shares will look like. We do know from Rainmaker's talk with the CEO that Edward purchased control of the shell through preferred shares. So we know that fully-diluted the shares outstanding must be at least about 62 million now. What we don't know is how many preferred shares were issued to acquire Envit Capital and what their conversion rate is, if that is the way the deal was done.
When people keep posting that there is only 30 million shares out, they are only giving part of the story.
AI
