Followers | 17 |
Posts | 1558 |
Boards Moderated | 0 |
Alias Born | 10/15/2013 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, January 23, 2014 11:02:19 AM
The debt was created during SBRH days, not as a part of the merger or by NVOB. Clearly they want to get rid of the shares and complete the 1000:1 split.
But they want Mark gone. So they give him 30% up front and agree to pay off the rest and hold his shares in escrow.
The escrowed shares which are not to be reverse split, since they were never part of the float and are to be retired completely. This is the key point, as I believe that until that is done, they can't reduce the authorized shares from 5B. This is why the DTC chill is still in effect....IMO.
They need to pay off Mark and then retire the preferred shares to then finalize the split, reduce the share structure and then move the company forward.
Wow....this stock is going to fly!
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM