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Replies to post #13837 on Good Gaming Inc (GMER)
tob999
04/11/15 4:24 AM
#13882 RE: BarryCade #13837
The Company has also negotiated the re-assignment of certain convertible notes that were originally issued to a New York-based investment group. The assignment of the notes is to be completed with the understanding that, going forward, the conversion process will be managed in a manner that will be compatible with the interests of the Company and its shareholders. The shares that were reserved for the notes have been exhausted, and the Company will need to reserve additional shares for these notes once the reassignment is completed. Management believes that through shares already issued to SirenGPS, former management and non-affiliates, that HDSI has ample shares available to pledge for new moneys without requiring an immediate increase in authorized shares or a reverse stock split.