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Tuesday, March 03, 2009 11:42:47 AM
I've got too much time on my hands, so with that, I start to fear the worst
Firstly, it seems the only way to make money in ONCP is to invest in STP1
As someone who did not convert, I fear another possible r/s
No mention has been made about the previous 504 or another 504. The a/s remains at 5 billion. The annual report has not been filed with the State of Florida.
Now my mind goes into pinksheet mode: the company will give themselves 3 months from the calendar date on the pref stocks to dilute as much as possible, effect another r/s to get the share price up over .22 to avoid massive dilution from anyone trying to convert back into common stock.
so those who converted should be in the best position, that is if you ever receive your tradeable common shares back in ONCP
someone please dispute this thought
Firstly, it seems the only way to make money in ONCP is to invest in STP1
As someone who did not convert, I fear another possible r/s
No mention has been made about the previous 504 or another 504. The a/s remains at 5 billion. The annual report has not been filed with the State of Florida.
Now my mind goes into pinksheet mode: the company will give themselves 3 months from the calendar date on the pref stocks to dilute as much as possible, effect another r/s to get the share price up over .22 to avoid massive dilution from anyone trying to convert back into common stock.
so those who converted should be in the best position, that is if you ever receive your tradeable common shares back in ONCP
someone please dispute this thought
The above is all in my opinion and should not be considered a reason to buy, sell, short or hold a stock.
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