Replies to post #381285 on ORIONS Money Stocks

[matt24d]

You beat me to it. Yes that was from their recent 8K. It was in dollar amount not shares. Also its completed already.

[Sumdude]

$CETX its not a common stock offering.. well it kind of is I guess..

preferred shares were sold for 10% interest plus warrants.

so 13.5 million preferred NON TRADEABLE SHARES..

so 13.5 million divided by 10 is 1.35 million preferred shares that included the option to buy shares at any time in 5 years for $6.31

so a potential dilution of tradeable common stock of 2.7 million shares that warrant holders can buy 2 of for every 1 preferred they own @ 6.31

you aren't going to be able to see the dilution that comes until financials come out because you wont know who converts what when..