I don't know anymore. I am getting awful tired of waiting for this fat ass to drop sum real news. I can't even hit it out. Nothing makes this thing move. I want to buy stocks that move. Where's the exit????? lol
Nahh....I think they meant to put 2019 on that, not 2018....
All of the new shares they are settling with the old preferred B holder are restricted for at least 6 months from when they are issued. Including the 14ml commons.....so the tradeable float is unaffected by that transaction for at least 6 months....which is nice....now Gilda can’t harp on the old preferred B holders casting a shadow on the stock anymore...plus it looks like all other old debt is cleared off the books now....
This settlement of debt w continuation capital caught me a bit off guard though....they reserved a lot of shares for the transaction but they do that to cover “worst case scenario” ....I believe they can settle that debt with as few as 10ml shares . CEO stated he wanted books clear before moving in substantial assets into the company. This is referring to the to acquisitions that are pending. He obviously wanted a clean slate going forward with the new company. It just took longer than expected.
We should see audited annual fins for new co. By end of March. that coupled with acquisitions and securing of $20ml credit line should get the volume here to chew thru that 3a10 CEO alluded to these things in that Filing.
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