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tmmi_fooled

09/17/18 2:41 PM

#34454 RE: 5589A #34453

Why he can acquire 54% of the total shares with half of 0.01 cent ?

Urbanlegend

09/17/18 4:35 PM

#34459 RE: 5589A #34453

Trading at.04 cents while they just acquired at a half of .01 cents. Does that sound like a good investment? Wait! I’ll answer it, “No!”



It seems to me that acquiring shares at half of .01 cents (.005 cents) would be a terrific investment if you could sell at .04 cents. It's an 800% return.

Also, A dividend of 0.01 cent per share would not be trivial or meaningless - a shareholder who paid .005 cents would get twice his money back, and still own the shares.

But regardless, what this has to do with Paul Healy, I don't know. According to his declaration, he is not behind the 413,000,000 shares converted or potentially converted from the 1 million dollar debt.

(P.S. When this conversion was revealed in the filings, a few here criticized it for seeming too generous!)