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tchalla

06/06/19 8:11 PM

#153120 RE: janice shell #153119

actually, it would make plenty of sense if part of his strategy was to decrease amount of stock that is available in the retail market. what he has spent) on commons (less than $80k, is peanuts to what he can make by negotiating the additional purchase of the voting stock and then returning shares to the treasury if he has serious plans to merge an income-producing business into the shell. the pps would squeeze into pennyland, and he could easily make 10x his investment that way if not more, even if he only retained 10% of the number of the retail shares he has purchased thus far. it would actually be pretty brilliant. iflm is gonna surprise a lot of people very soon.
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surfkast

06/06/19 9:20 PM

#153132 RE: janice shell #153119

Pumpers make no sense either..

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integral

06/07/19 9:33 AM

#153153 RE: janice shell #153119

Up at 330 am for the market open, aunt is home and in a better mood, uncle is happy. He gets up at 4 makes lots of noise and leaves at 5, he has to be on deck by 5, so he is often late. I think he is losing it to be a pilot flying jets.

Either way Hawaiian Airlines 10:10 pm red eye to LAX tonight but not before sushi at Yanagi for dinner on Kapiolani Blvd on the way to HNL. Gonna hit the bed for 2 hours after he leaves, and hit Kailua Beach for a sunrise walk one more time this am.

But I agree with you, it makes no sense to purchase $50,000 ish of common stock in the open market and then effectuate and execute a SPA for preferred stock that gives you control. You cannot sell the commons as they become restricted automatically.

Why spend $50,000 when you can spend $500 and R/S the stock.