It was back in July (I think) that I talked to the CEO about this, because I was considering upping my position and the thought of the IPO if it were to happen added much more reward to the risk/reward ratio. I sort of hounded him about it and asked him three different ways if the shares would convert and he said they would. He didn't mention anything about converting at a ratio other than 1:1, but I did not think to specifically ask him.
Based on his words and the companies actions to date I just don't think they are going to do anything, but take care of us...That's why I've got my money here and as Mr King has stated I think we are in a position to start planning how we want to live our lives:)
I look at it as if we were shareholders in a private company and we are going to go public. In this case, we own a company that reverse merged in to the OTC and never had an offering. Similar to a Twitter or FB IPO in that when they went public they already had shareholders separate from the IPO that went along for the ride:)
I do however think it would be good for either Theodore or Sid to address this (if either of you are legally able to) as I do feel that is one reason many people are fearful of buying here...Ultimately, I guess it doesn't matter, because the OTC is soon to be a distant memory IMO as well as this penny stuff!
GLTY, AIMO,
TG
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