They all have a floor. The public stock trade history in recent days is the floor/basis.
I think (have good reason to believe) ICLD is holding 100% of the convertible share debt now? And it seems for now they are working with SGSI management.....
They and we need retail slapping the ask and raising the price of conversion to limit dilution and raise the value of the company. With out that, there is no reason to wait for Defcon I. The stock is already priced at a huge discount based in part on expected dilution and on massive fear of run away dilution. Passing out 600% more shares to insiders like candy only stokes those fears.
I grilled Larry over that stunt in 2017. At the time it apparently made sense, and later proved to be a non issue. This time it is a huge issue with me and everyone else. There has been no legitimate reason offered for it (yet).
While P/K have done many of the things they said they would do (the good news), and done most of it on a timely basis, handing out 6 times the OS in shares to themselves and the employees was not one they promised us. If they had I never would have stayed in this stock and neither would any one else.
They also did not promise us a 98% hair cut!!!! If you look at the PRs and videos they have told for nearly 2 years now it should have $40 to $100 million dollar market cap, instead the float is barely $200,000 forking dollars.
The market does not believe or trust them!!!
They need to do something serious to restore trust here Imho.
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