Zen...promissory note, position......
"I agree with your method of being conservative in your analysis, but I sure do hope the company can pre pay that promisory note and keep the share count down before any additional financing to fund the new operations. That's a very critical factor in determining this stocks potential, but I haven't been able to determine that from the filings. I've tried to contact Matthew Kriegg to ask about it, but no luck. I wouldn't mind if he was the owner of Caprista Capital and that's how he was going to get his ownership stake in the company; but for those shares to just go to some random capital company sure would be destructive to the capital structure of this company."
The two entities that acquired the promissory note from Capersia (Cascata Equity Management and Seven Palm Investments) will most likely play a significant role here. There is little doubt in my mind that at least a portion of that note will be converted into shares at some point. The change in control of the company to Matt Krieg and the sale of the note to the two entities all occurred at the same time. So, I am assuming that everyone is on the same page here and probably well aware of what each others plans/intentions are. Hopefully the retail investors will benefit from this.
Perhaps these note holders will play some role in financing and/or promotion of the company/stock.
"In any case, I'm glad to see you're hanging in here with us! I hope this works out like your old OTIX did (now PLX).....the one I kick myself for every time I look at my account balances :)"
Still holding my entire position (575k), and still anticipating a minimum of ten cents on that position. As with most shells just about anything and everything can happen so you never can get a truly firm grasp on what to expect. But that is what makes shell investing exciting/interesting, sometimes frustrating, and sometimes incredibly profitable.
I mentioned over on another board a month or two ago that a couple of shells receiving attention on the IHUB boards had achieved pre-merger shell valuations over $9M. There was another one here recently in the month of January. Just for comparison purposes, that would be the equivalent of VOIG trading around 30 cents (using my conservative share number). Shells can do some wild things.
