Old main did convert 25 million shares. It was reported and the time frame I am referring to. There have been no SEC share issue filing disclosures since.
At the time of the SEC filing that discloses the Old Main conversion it indicated that they held 9.9% of the OS, so as to not be required by regulation to announce that they are selling. 10% is the threshold and why Berkshire-Hathaway usually stays below the 10% level.
The reported OS then is 252,533,022. The Pulse website stock details was adjusted to reflect this number and is still the number shown today by the company. I have to think they would be required by law to change the OS on their stock data immediately to avoid possibly misleading the public.
I am responding to all of the posts claiming that there has been massive dilution since then. There simply is no OFFICIAL information to support the claims.
I have read all of your posts the past 8 months or so and I get it..you don't want the company to succeed.
But I invite you and Jacksira to answer the same questions I ask
Chinadude
1. Why did Old Main convert so early? They were receiving a damn nice interest rate and could have easily allowed Pulse to just pay the interest and extend the loan if liquidity was a problem. Pretty much what credit card companies want you to do. But if they just wanted to reduce their exposure and keep a piece for any upside that is good as it retired close to $125,000 and saves interest expense.
2. Why did Kehe expand nationally? After a year of regional distribution they know how it competes on the shelf. If it isn't selling, why would you exponentially increase the operation?
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