That would make the shares worth .04 to .07 NOT .20-.50 (AT .50 ITS $600 TO $750 MILLION - NOT LIKELY HAPPENING) - there is currently approx 1.1 billion shares but most likely 1.4 billion when all the current conversion are done and if new debt comes in add another billion shares at these levels - so the price keeps getting lower - its simple math folks - the only number that matters is fully diluted shares not simple outstanding common as many here state. BUT hey maybe he means after a 1 for 100 reverse split coming ( the .20 to .50 cent) but that will not effect $550million shares via the preferred for management so that number is even too high for post reverse split.
The company should sell their 10 million avant shares and pay back their debt instead of giving a dividend - imho.
BE WISE AND LIVE AND LEARN -BTW, THERE ARE NO SHORTS - ONLY IN TWEETER FAIRY LAND.
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