Replies to post #10129 on China Unlimited

[RealDutch]

I will have to take a better look then.
I told my group again, they can buy PGAS even for 3.5c.
I guess I'm more motivated to look for opportunities once I have cash available.

[RealDutch]

Why is DDDX a special situation stock?

This company had a $250M market cap ($7/share) in 2014?

And then they did this

On March 10, 2014, the Company issued 4,880,000 shares of restricted common stock, at a conversion rate of $0.01 per share in cancellation of debt totaling $41,361

[RealDutch]

If I get this right, we still have a bunch of convertible notes outstanding and should account for 100M+ shares dilution.

And if they default on another loan, the conversion price may go down from 0.10 to 0.001 as we've seen earlier this year.

This just seems like a very risky bet IMO. Pity.