Webinar:
1- I think there is a 1:1000 RS soon, number of shares accross the board (authorized and outstanding common and preferred) will go down. I think stock can go down for people to load more, get your cash ready ;).
2- A buy back plan is in the horizon, and they strongly believe they should be at much higher value. Great sign. Discounted cash flow shows much higher value than the current value $3.8M.
3- Additional 20B stock: 8B for collateral will be cancelled, no effect of them. Some used for debt payment, great, all the conversion liability can be eliminated and created net income.
4- Filing plans: I think this intention to uplist, especially with the RS.
From the above: 40B authorized and outstanding will be 40M. 40M will be 30M after collateral cancellation.
For me RS is meaningless as long as the fair value is more than the current value. However, the market has its reaction for the RS. Some companies, I invested in (CXZ), market acted positvely for the RS and actually increased after that. So it all depends.
Very important thing, they provided what they promissed us with. It looks like we can give them the benefit of the doubt.
GLTA
