Replies to post #85813 on Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

Those Cann10 shares=12% of the O/S. IMO if that's all H360 gets out of this deal then they have a paltry amount of equity.

100% of Preferred B shares (convertible at 3-for-1) have been issued. When converted they add 300 million common.

97.5 million Preferred C shares (convertible at 10-for-1) have been issued. That was done before the H360 merger. That leaves 102.5 million left to issue. When all are issued and converted they add 2 BILLION common.

That's 2.3 Billion more common shares on top of what's already issued. Mind you, there's only 400 million common left in the current A/S. IMO this ticker seems hopelessly overdrawn.