InvestorsHub Logo

cashstrapped

05/14/20 4:34 PM

#6776 RE: dicer666 #6775

Thanks. I guess it is what it is, and hopefully the share price will recover.

Det_Robert_Thorne

05/14/20 4:43 PM

#6780 RE: dicer666 #6775

No, said as high as 2B after RM

Others said OS would be 1.5 billion to 2 billion when it was done diluted...:)


No, I've said that it could be as high as 2B fully-diluted shares once the reverse merger is completed, and that estimate could turn out to be low.

257M common shares right now, plus the restricted shares the remaining noteholders will receive, plus the total number of those two for the Series C preferred shares (convertible at 1:1 of the total of the common), then multiplied by 4 to account for the Series D preferred shares that will be given to PCTI president Catherine Chis on the closing.

Not counting the restricted shares, right now, we're looking at 257M current common, plus 257M after Series C conversion, multiplied by 4, or 514M shares x 4, which is 2.056B shares.

Then, once things stabilize, PCTI CEO Chis will perform a reverse split next year. She probably doesn't care one whit about current OZSC shareholders, because the goal is to get PCTI public at minimal cost to her company.

Magnum7419

07/02/20 11:14 PM

#13911 RE: dicer666 #6775

and he was correct again IMHO