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Tuesday, October 02, 2012 2:15:20 PM
If you don't believe me, even though I've provided links to the various reports that show that I know what I'm talking about, then you should buy several million shares at the ask.
FWIW, more than three months ago, I anticipated COIN transferring some, but not all, of its VRNG shares to Iroquois in exchange for debt reduction.
Assuming the VRNG shareholders approve the merger with Innovate/Protect, then COIN will have shares worth a fair number of millions. Selling those shares, or transferring some of them to Iroquois Capital would pay off the current debt held by Iroquois, which would mean that the threat of dilution of the current outstanding notes would be removed.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77545734
Of course, when I wrote that on June 19, 2012, VRNG was closed at $4.36, and I thought COIN would sell or transfer shares at a much higher price than the $1.76 that they actually received.
In addition, I also thought they would be able to retire all of the debt, including the yet-to-be-issued $470K.
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