Replies to post #5633 on Hangover Joe's Holding Corp. (fka HJOE)

[Steve Rogers 1945]

I believe your are correct. Asher started dumping stock and now that the price is lower Asher will get more shares in the next conversion. Seems like a cycle that doesn't end until Asher can't profit anymore. We need to wait until Asher files another 13G to see how many more shares he will dump into the market. Hold on this could get rough.

[thundersteel]

I agree I with that

I said that they were done. Meaning with an installment.

I also said they need to get this up before
the next round of dilution and that if not the weight of these shares could push this down to a close under .01, which would give lenders a massive amount of shares and blow through the authorized shares.

So, I think there was some missunderstanding here, cause I've been trumpeting this to deaf ears.


thundersteel  Tuesday, 08/12/14 04:06:36 PM thundersteel post# 5594  of 5634 

From the annual report 

We presently have convertible notes outstanding that may be converted into an estimated 20,000,000 shares of common stock at current market prices. The number of shares of common stock issuable upon conversion of the outstanding convertible notes may increase if the market price of our stock declines. All of the shares, including all of the shares issuable upon conversion of the notes may be sold without restriction upon the six month anniversary of the sale of the notes. The sale of these shares may adversely affect the market price of our common stock. 

The continuously adjustable conversion price feature of our convertible notes could require us to issue a substantially greater number of shares, which will cause dilution to our existing stockholders. The convertible notes are convertible into such number of shares of common stock as is determined by dividing the principal amount thereof by the then current conversion price. The conversion price is discounted from the current market price in the range of 45%-50%. The number of shares issuable could prove to be significantly greater in the event of a decrease in the trading price of the common stock.

more shares coming to market at
a reduced price. This one will be a ton at 50% of the 3 day closing average.

Hence that is why I posted this yesterday from the annual report.

TS