Monday, April 08, 2013 8:47:12 PM
Very interesting calculations but uncertainty remains whether the CEO will ever convert those Preferred B shares. Just as you are certain he will, I believe the opposite. If a buyout deal comes to the table I feel those B's are cancelled. I continue to invest on that notion.
See here is where the fact giving is in my favor (I know we hate that in the Pinksheet World, even more in the ANDI world). Originally issued Preferred B shares 19,800,000 and change. How many left? Well last report we know of 18,984,035 still outstanding.
So that leaves how many Preferred Shares converted? I am referring to a position of Preferred B's in the amount of only 75,000 which many more of a conversion as been reported. So when I say that the 150 million share holder only paid anywhere from $575 - $18,750 for his current $210,000 dollar position I am mathematically relevant. I was not referring to the CEO but to the current common shareholder with 150 million common shares in the financials.
On that note. This is not including the CEO's shares that account for over 14 million in value of Preferred B shares. If you truly believe the CEO is going to cancel his shares in a buyout, ask yourself why he would issue them to himself in the first place....For FREE or cancel them now?
I appreciate all your fact giving but this one you cant win.
I appreciate the response, but not only is my scenario of the 150 million common shareholder only paying anywhere from $575-$18,750 for their $210,000 position possible, feasible, it is actually likely.
Math
375,000 common shares
Dividend of 1 Preferred B share per 5 shares of Common Share
2000-1 conversion
150,000,000 common shares
375,000 / 5 = 75,000
75,000 X 2000 = 150,000,000
I am pretty sure the Law of Math and factual reports of conversion makes me a winner. Some things can't be disputed, unless Arithmetic is not allowed in the discussion.

