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BlindSquirrelFindsNuts

01/29/16 8:21 PM

#6080 RE: ChuckBits #6079

Haha! It's always good to have your escape route mapped out! Sounds like a great plan! Most slimeball companies announce an RS after market close to be effective at open the next day. That doesn't leave much time in between for the PPS to pop to .99!

Here's some bragging rights for you. You can tell people that you own 700k shares of a big board stock. They will truly be impressed! LOL!

GloomyBloomy

01/30/16 9:54 PM

#6081 RE: ChuckBits #6079

After the RS, you're going to get burnt along with the rest of the stock holders since you will have 1/70 the number of shares as well

Big_Mike

02/01/16 12:05 AM

#6083 RE: ChuckBits #6079

Hey Chuck,

I was wondering if you could help me with the breakdown.

Each unit:

1/4 share of series A preferred
Which converts into 10 shares at an exercise price of $1.24

20 shares or Series A.

How do you get the total amount of shares you get from each?

I keep thinking an exercise price of $1.24 is hurting us because the stock price is not higher than that. I am probably very confused. Any help is appreciated.

Big_Mike

02/01/16 12:07 AM

#6084 RE: ChuckBits #6079

Hey Chuck,

I was wondering if you could help me with the breakdown.

Each unit:

1/4 share of series A preferred
Which converts into 10 shares at an exercise price of $1.24

20 shares or Series A.

How do you get the total amount of shares you get from each?

I keep thinking an exercise price of $1.24 is hurting us because the stock price is not higher than that. I am probably very confused. Any help is appreciated.