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bernardsamuel

01/26/17 3:34 AM

#7075 RE: 2434nate #7074

Good middle of the night, 2434Nate,
The simple answer to your question is no, namely that all shareholders are treated alike, and you can stop here if you'd like.

The more complex answer would have these components:
1. If the buyout were to be effected via shares of stock in a new company, some people who would otherwise get fractional shares would get cash for a piece of their holdings.
2. What's going on with VHUB is phrased in the 8K as a purchase of company assets. This would leave VHUB with a pile of cash at the end, and just about nothing else after paying whatever bills there are, and the expectation is that the pile of cash would be distributed on a pro rata basis to shareholders.
3. There's been speculation in this thread that in the end there will be a "reverse buyout" in which PLY will be taken public (it's currently a limited liability company, or LLC) via absorbing itself into VHUB, and this gets sufficiently complicated that I don't feel really qualified to go down this road before I go back to sleep. The irony is that the reverse buyout stratagem is how VHUB got started, as the VHUB people found their way into the shell of Dog Inn.
4. There's also been speculation in this thread that, given per the 8K that there's some sort of consulting relationship between executive management of VHUB and PLY, it's already happening that VHUB executives are getting preferential treatment over ordinary shareholders. However, in regard to what happens with VHUB shares themselves, it's not as likely that the major shareholders would be treated better than the ordinary folks.

Hope this helps, though I'm sure that I've oversimplified in part and probably omitted a lot - but you'll learn that this is a really well-functioning thread, and folks will chime in to improve upon what I've written here.

Decatsmeow

01/26/17 4:48 AM

#7078 RE: 2434nate #7074

Who said he company was being bought out? The paragraph on the 8-k said that they'd use their assets

Decatsmeow

01/26/17 4:57 AM

#7079 RE: 2434nate #7074

Pay off their new found loans with their assets (which the range being in the $500,000 in the loans). Is that the buyout you're referring to?

You know what is much more likely to happen? VHUB is going to go from a corporation to a member in the LLC. Therefore, the LLC buys the new company and simply inherits the companies shares because, technically, VHUB is still a corporation the simply runs within the LLC. We'll get a new head of management, with the current owners of VHUB becoming minor members of management for VHUB.

Ply will be able to use VHUBs current public status to officially become public (in the stock market). Because they simply inherit it, they don't have to pay except for the fees that are a requirement to be a publicly traded company.

_____

The company buyout is very unfounded and is very likely a lie that was pumped up to make flippers some cash. You'd be wise to bail. I used to have over 2 mil shares and I currently have 0. While they were flipping, I made bank. The exits soon to be gone completely. Look how light the bid is. Hardly anything unless you sell at 0.015. Ouch.

Just wanted to give you the more likely side of what's happening instead of the pumped version