Replies to post #5144 on Viewer's Choice

[littlejohn]

TVOG .015...at .50 per share the Preferred

shares come to par value for

the $25 million investment and

in the money above .50/share...


Preferred shares convert in the

future at 2 to 1 ratio or 2 common

shares per Preferred share...


https://ih.advfn.com/p.php?pid=nmona&article=76268932


Acquisition

Turner has structured the Preferred Stock
placement to exchange Series A shares
with cash and assets from the anchor
investor and third party sellers. The
transaction includes the issuance of
25,000,000 Series A Preferred Shares,
convertible at a ratio of 2 to 1, with
a minimum price per share of $1.00 in
exchange for vessels and capital. This
structure protects both insider and
retail investors from dilution to
Turner's common stock structure.



The investment appears to represent

a long term investment to see TVOG

grow in the future, Imo...LJ