"several folks have calculated that to fully sate the
rats will take closer to 300m than 625m shares. please
get your facts straight."
I only saw one such calculation here, and it was based on something allegedly said by John Lanzafame.
That calculation was of course deeply flawed because it assumes that the pps will remain at 1 cent throughout this lengthy process of death by dilution.
Logically, that wouldn't be the case.
Let's assume the next three payments to the "sewer rats" from the beginning of October to the end of the year requires 17.5 million shares, just to give an approximately correct round number.
That represents dilution of 10% because it would take the float up from 175 million shares to 202.5 million. The effect of that is to spread the market cap more thinly among those shares - each share would now only be worth 0.9 cents rather than the one cents the assumption required.
By the time 175 million more shares have been issued, the pps will be at .5 cents all other things being equal. The more astute of you will notice that means that even more shares need to be issued to pay the "sewer rats" next interest payment demand. In that fashion, it won't really take long beofre all those 800 million shares are out there.
That's the wonder of highly toxic financing.
"your supposed good idea of a buy back is pure hogwash.
this too has been explained that buying biph shares
high inorder to feed them to the rats at a discount
is very bad financing. a loser."
With respect, nothing could be worse than the current plan of feeding BIPH's "sewer rat" buddies more and more shares, diluting the existing shareholders, lowering the pps even more and allowing Iriquois unlimited and entirely legal short selling opportunities.
I must say that I find it implausible in the extreme that Iriquois refuse payment in good old greenbacks and insist on shares, as Ms. Hotchkiss has apparently claimed, and immediately bear the market risk for those shares.
If that is the case, however, the use of the $5.6 million that sat on BIPH's balance sheet at the time of the last 10k would be quite sensibly employed on a share buyback.
First of all, it would obviate the need for any more dilution, because they would mop up existing shares. If they bought enough for a few months' worth of payments at one go, they would actually reverse the dilution that's happened over the past few months and reduce the number of shares outstanding considerably. If this stock is as undervalued as some folk claimed, it's the best possible use of that money.
That in turn would push up the price per share, both by this reduction in shares outstanding, but also by the confidence that Biophan's management would be demonstrating in their future by investing in their own stock.
A higher pps would mean fewer shares (even if discounted) to be paid to Iriquois at the beginning of each month, so that's a good thing too.
In fact, the strategy I suggest would turn a vicious toxic cycle into a virtuous cycle and would be the beginning of a solution the the so-called "sewer rat" problem.
I say "so-called" because BIPH show no sign of having a plan, or even wanting to have a plan to solve the problem. Instead they want to feed the sewer rat and increase the authorized float by 357%.
Which is odd.
"the rest of your post is simply your opinion and you are
welcome to it."
Most kind of you. I would simply remark that my opinions historically have been backed by facts and have led to predictions that have proven to be remarkably accurate. The same cannot be said for those who have supported this company through thick and thin and continue to do so even when it is manifestly obvious that the "management" are acting in a way directly contrary to the ordinary retail shareholders' interests.
Which is also odd.
AI
