Tuesday, November 12, 2013 10:21:10 AM
That would be true "IF" the Company (GDSM) wasn't holding shares, half of which are 100M Series E Preferred that convert at a 15:1 ratio, and take precedence over ANY Common Shares that are being sold.
If I owned 20M Series E, and an investor owned 300M Common Shares and we were both trying to sell, my shares take precedence and are sold first.
Which is why so many investors here cannot unload their bag. GDSM has 100M of the Preferred, and WSRA still has 56M Preferred. So, 156M Preferred converted is 2.25B Common Shares, which the A/S cannot cover at this time, so it will need to be raised again, if it hasn't already. Then the DUMPING will continue until the Preferred shares are gone first.
GLTY
If I owned 20M Series E, and an investor owned 300M Common Shares and we were both trying to sell, my shares take precedence and are sold first.
Which is why so many investors here cannot unload their bag. GDSM has 100M of the Preferred, and WSRA still has 56M Preferred. So, 156M Preferred converted is 2.25B Common Shares, which the A/S cannot cover at this time, so it will need to be raised again, if it hasn't already. Then the DUMPING will continue until the Preferred shares are gone first.
GLTY
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