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Whiplash_Investor

07/05/17 12:14 PM

#131081 RE: Joseph Knecht #131074

It's likely not to ever be converted unless an attempt to. It's out Rich or a buyout offer is in. It's his vehicle to maintain control and guarantee that no matter how much dilution occurs prior to conversion, he still gets half.

But you are correct. Dilution post conversion could hurt him.

TintStuff

07/05/17 12:18 PM

#131082 RE: Joseph Knecht #131074

Huh? He owns 51% of bellissima... He's free to sell it anytime he wants.