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Re: WiseTrader55 post# 497

Friday, 09/14/2012 4:49:34 PM

Friday, September 14, 2012 4:49:34 PM

Post# of 689
At this PPS level, dilution would have to be large for them to get much $$$. My guess is that at some point, they will do the 1:6 RS and sell some stock.

At $.32 pre-split PPS, a 1:6 RS will probably give each resulting share a PPS of ~$1.50 +/-. Outstanding shares would be 106M/6 = 17.6M. They would probably try to sell around 10-15M shares at that price, effectively diluting the stock ~60-85% and netting $15-20M in capital.

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