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Re: None

Monday, 07/25/2011 2:30:35 PM

Monday, July 25, 2011 2:30:35 PM

Post# of 93372
The higher the conversion ratio, the worse off we are, in my opinion. Everyone needs to forget about last year's conversion, in my opinion. A 400:1 would mean GRAFF would need to IPO at .50 and STAY THERE or go up for us to maintain or grow, assuming there are trading restrictions on our shares as there were in last year's conversion.

200:1 - IPO at .25 with possible restrictions on our shares.

1:1 with the company buying back shares still sounds good to me. No manipulation, no R/S which is always a negative, no trading restrictions, letting the company move up naturally, is my vote. If everything is above board and strong sales continue, in 18 months we will be at .25 and very pleased we didn't go with any conversion.

Thanks for the replies.