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gumbie05

08/19/17 12:32 AM

#25478 RE: Taco1 #25473

The ONLY positive news that could come at this point is that the Convertible notes are going to be paying off the TCA loans at a set date (as well as any other high interest loans) and once that's done there will be NO MORE convertible notes issued!!!
With that said, this thing would still need to peak its head over $0.05/ share to keep the dilution to under 2 BILLION shares or so with all the Convertible Notes converting at once and at a fixed price! And then PLSB would still need funds to operate (i.e. The biggest problem from the Getgo hence why they're in this predicament in the first place)! No, this mountain is too high to climb. You'll get occasional pumps here and there but those will be for selling into and nothing more. Unfortunately.
- SMH

ChinaDude

08/19/17 12:35 AM

#25481 RE: Taco1 #25473

Taco, you've been saying that since you got on the thread. Who keeps telling you this and why do you keep believing them is all I want to know. You said numerous times OLD main was not a seller but I know you read the filings and they converted over 300mil, which means at best case they could still be holding 63mil shares so they sold 240mil shares or double the OS from last quarter. Cmon sir, save yourself from the pain my friend.