141 Capital Inc (fka ONCP)

[boca_bobby]

Someone check my math. But here's what's rolling around in my head.

Let's assume I converted 1 million common shares to preferred shares. The conversion rate was a RS of 1000:1 but each share is to be worth $1 each. Therefore

1,000,000 / 1000 = 1,000 preferred shares

1,000 shares X $1.00 = $1000.00 in capital locked up for 3 months.

OK, now we see a RS of the rest of the common shares at a 175:1 rate. This will raise the current PPS which is currently stuck at triple zero one (.0001).

$0.0001 X 175 = $0.0175 per share

Now with out preferred shares, we have the right to convert back with a 20% discount of the current share price when we decide to convert. I will assume that the PPS will be $0.0175 so we don't get either side to excited. We all know the PPS can go up or down but I'm just trying to get a feel here for what we may own.

$0.0175 X .8 = $0.014 (our buy in PPS)

Now I take my $1000 and buy back the common shares.

$1000 / $0.014 = 71,428 common shares

71,428 common shares X $0.175 = $1,249.99


Ok, let's examine what the same person that had 1 million shares and did not convert to preferred shares. He sees a RS of his shares as well.

1,000,000 / 175 = 5,714 shares (after the RS)

5,714 X $0.0175 = $99.995

If my calculations are correct, it looks like I will be the last one laughing. Laughing all the way to the bank. This is especially true since I converted a significantly larger amount of shares than the one million in my calculations shown above.

Now it's a race against time! Those of us that converted want the shares to stay low before we can convert back. The lower the PPS, the more shares we will get once we convert back. So I am still torn. I want to shout from the mountain tops about how well 141 Capital is performing, while on the other hand I want the bashers to keep the PPS down low. LOL

You see, everyone has a part to play here. The barking dogs are actually helping us long term holders. Because sooner or later Wall Street will take notice of the financial statements that will show our real results.

If we do uplist, do you know of anyone that wouldn't want to see a company that gets confirmed trading results of over 200% and the type of growth that comes with it?

So let them dogs bark a little longer please! Say, is it 2010 yet? I seem to recall someone saying 2010 was going to be a great year for certain investors.