Working theory on minimal dilution / A/S increase reduction.
As per PRE 14C (02/18/2014) and 8K (02/20/2014) regarding A/S increases...
What to keep in mind.... David Michery owned 60.29% voting power...doing the math that puts him with about 135 million common shares along with his 7 million Series a Preferred Shares (100:1 convertible and 1000:1 voting power)... and totaling (after conversion) approx. 15% of the common share fully diluted (ie. he has a great deal going for him if he makes this succeed with the least amount of O/S).
With the A/S increase....it is needed for notes convertible (read through filings).... but....if he dilutes any more than 2.41 billion more (for whichever reason) he could in effect lose the power to vote solely...It just doesn't seem to be the way he has run things so far so I can't see it happening...also take into effect the PPS increase during that week (Feb. 10-18) and the working plans they have set in place (for future PPS rise) and I believe a positive conclusion can be made leaning towards the side of 'minimal as possible' dilution coming.
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