You were dead on the number, But... The best part of Ray's comments,
1.) They came from Ray's own Mouth.
2.) It may have been a potential investor asking.
3.) There was alot of people clapping at the end, so there was definitley people there watching
4.) From Ray's mouth The convertible notes are locked up and won't be converted anytime soon.
5.) With the Right kind of News 100mill Shares can be chewed up in One or 2 days, No Joke. We really would not even feel it because it's going to slowly take place plus, We haven't even seeing any heavy trading yet. Wait till we get up to the 8-15 mill days.
6.) The 1.5 Mill burn rate will lessen as time goes on Due to Agenda being completed. 7 full months of Cash on Hand, with Agenda results comming and Expanding Tesetaxel treatments all good stuff.
7.) There is no guarantee the 250mill convertible ever even reaches the Street.
8.) with a 135mill float, This could and would go right to a buck in the first hour or 2 of trading, I have seen floats with alot higher common move that quick, (Example CTIC).
9.) Retail is not selling right now, It looks pretty obvious, That if you want to buy shares 85% of the sells are from Note Holders IMO. So the more Retail buys the less is going to be available come Agenda time. Which should move us even stronger.
10) I wonder How many shares are already Locked up by the retail Longs. We may not even have a float right now, it could be all note holders.
I am sure there is alot more to talk about. I think the RR came at the right time, and even though most new what was going on, No-One really what the Float was or the Breakdown. I loved when Ray said, If you cash in everything total was low 500 million. He could have said 800 mill to a bill and we would all have been really annoyed.
AI
