Replies to post #187371 on Mike Lindell Media Corp (MLMC)

[xanadu]

Predator, not making fun but here is a paragraph out of the filing regarding the most recent registration and conversion. If you make sense out of it I would love any insights. This was to sweeten the pot of GGI money available by about $22.2 million. The liability is in shares but doesn't become such until we dip into the pot in whatever increments they need to. And, it does not mean they will necessarily get all of the 5.8 billion shares because the number they get depends on the pps when converted.

This prospectus relates to the resale by the selling stockholder of up to 5,836,435,851 shares of our common stock, including up to 5,816,096,751 shares of common stock underlying convertible debentures and up to 20,339,100 issuable upon the exercise of common stock purchase warrants. The convertible debentures are convertible into the number of our shares of common stock equal to the dollar amount of the debentures being converted multiplied by 110, less the product of the conversion formula multiplied by 100 times the dollar amount of the debenture being converted, which is divided by the conversion formula. The conversion formula for the convertible debentures is the lesser of (i) $0.20, (ii) eighty two percent of the average of the thee lowest volume weighted average prices during the twenty (20) trading days prior to the conversion or (iii) eighty two percent of the volume weighted average price on the trading day prior to the conversion. The warrant is exercisable into 20,339,100 shares of common stock for a period of three years at an exercise price of $1.09 per share. The selling stockholder may sell common stock from time to time in the principal market on which the stock is traded at the prevailing market price or in negotiated transactions. The selling stockholder may be deemed an underwriter of the shares of common stock, which it is offering. We will pay the expenses of registering these shares.

[itrade4profit2]

Predator,

It is all in the SEC filings.....GGI buys shares from GZFX at 1.09 per share and with each share purchased receive a specific number of convertible debentures....the debentures are converted into shares at an 18% discount to the average weighted shareprice based on the previous 20 days of trading (see below) Either way because it is a weighted shareprice and discounted at 18% GGI essentially has nearly zero to zero risk.

"We will not receive any proceeds from the sale of the common stock. However, we will receive up to $22,169,619 upon exercise of the warrants by the selling stockholder.".....(GGI)


"This prospectus relates to the resale by the selling stockholder of up to 5,836,435,851 shares of our common stock, including up to 5,816,096,751 shares of common stock underlying convertible debentures and up to 20,339,100 issuable upon the exercise of common stock purchase warrants."

"The conversion formula for the convertible debentures is the lesser of (i) $0.20, (ii) eighty two percent of the average of the thee lowest volume weighted average prices during the twenty (20) trading days prior to the conversion or (iii) eighty two percent of the volume weighted average price on the trading day prior to the conversion."

Either way you look at it, given that GGI (IMO) is just starting its second round of gigantuous dilution via conversion of the debentures and sale of converted shares.....the pps and shareholder value will have an enormously difficult time to maintain a stable shareprice; let alone one that is gaining in value. To top that off, GZFX management has done little to nothing to attract new investors or to support the shareprice during dilution.

I have suggested openly that hiring an experienced PR/IR firm that could attract new investors and garner increased value for shares that are being converted would limit the number of shares required to satisfy the debentures and send a signal to the shareholders that GZFX management is doing everything in their power to minimize the effect of dilution and to maximize shareholder value.....

Look to scoop up more shares once the dilution is done....but anyone suggesting that GGI hasn't started converting has their heads buried in the sand....

JF states that he doesn't want to give the impression of being a pump and dump....I suggest that that is exactly what they have become....