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BerryH

01/07/16 1:13 AM

#5842 RE: JacquesStrap #5841

I agree with this. The unit owners will find a way to come out ahead. If I had a guess, it would be the same as what we saw with ASTI... you will get some "strategic news" that creates enough buyers for them to sell their shares and make a nice profit.

The warrants in the exchange offer are supposed to act as an incentive to NOT sell immediately. Just because the shares from the units hit the market does not mean the pps will automatically crumble. That is caused by the selling. The only way people can cash in the 64 warrants from the exchange offer is by waiting for the stock to appreciate by 20 percent.

Also, the share volume for VPCOU must also be considered when calculating the new volume for VPCO. A lot of people that were trading VPCOU will now be trading VPCO instead. Hard to say what effect that will have.

But long story short, there will almost certainly be much value in the units. Just hard to predict where.

ChuckBits

01/07/16 1:27 PM

#5844 RE: JacquesStrap #5841

If the offer doesn't go thru, it is possible even MORE shares would be needed and issued. I think the primary reason they came up with the offer was to put a known ceiling on the number of shares. Once the PPS goes below .17 cents, the number of shares goes above 128.

At the recent low of .14, a unit would yield 154 shares...