“Crooked pinky CEO's last straw is usually to go after ihub posters”
And that usually coincides with diminishing room in the AS to support conversions.
I am frankly surprised by the Bolton’s a little on this one that they didn’t include a provision in the Sales Agreement requiring the company to maintain sufficient room in the AS to accommodate conversions of the preferred.
They could find themselves stuck....and then it would get interesting.
Problem is, most stinky-pinky scams have enough "hope to", "intend to", "in the process of", "attempting to", "expecting", "forecast" ....type B.S. in their statements that they can just shrug their shoulders and say ...."Bummer... we tried, sorry Shareholders..."
And the SEC can't do anything, as long as the correct forms were filled out.
... It will be a miracle if he stays out of jail when all of this unravels. ...
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