Monday, June 06, 2011 2:47:35 AM
Maybe one can post that "Certificate of Designation" so we can all see what exactly it says. Maybe post on how BNPD is going to be different than all the pinks that dilute, increase share structure, convert shares ("nice" can be only one to one, all depends, it's money no matter what to the ones who have them), and cause the value of shareholders to go down by the actions of dilution, increasing A/S sometimes many times over a year, conversion, etc.
Of course we don't know exactly what BNPD is going to do, but it will dilute, no doubt.
If one wants to study the idiosyncrasies of the "law" and SEC chapters and verses, great. But one thing to remember, is that these pinks find there way around all of them, even go against them. The violations are so rampant, the SEC can't even begin to get to them all. And yes, even things slip by the State, just the way it is in the pinky world.
What the bottom line is, is what the retail thinks of this company and how much money retail can spend on buying the only asset this company has, shares. One can "brain fill" all they want with all the specifics, but any company shell pinky can work with all that, and the bottom dollar is what and how they dilute.
Those convertable shares can be an issue in the future. Money for the shell owners and more debt, and for one to just ignore them thinking the SEC or state rules are going to save them are just setting themselves up.
But great to debate them and acknowledge that there are some rules out there and try to comprehend a small portion of them, just not sure how much the effect in pps it will have or how this new company will handle the "financing" and share structure. It's all just speculation.
But hey, A/S of common and Authorized convertible shares don't mean a thing, ignore them as if they are invisible. LOL Good luck in all the trades.
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