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Det_Robert_Thorne

05/18/20 5:39 PM

#7120 RE: bspader #7119

I'm talking about voting, not conversion. But ...

You guys are making wild speculations. She isn’t going to sell all her shares for 3 times the OS. LOL


I'm not talking at all about PCTI President Chis selling her shares after the completion of the reverse merger.

What we're discussing his how much voting control she would have over the company after the RM.

If she wanted to sell the company, it would be a little different, because then the number of fully-diluted shares would be the issue.

Suppose that one year after the RM, the old Ozop debt is paid off, there are 400M retail shares, and CEO Chis decides to sell the company. What would be the full dilution that would divide the purchase price into price/share?

The main difference would be that, while the Series C shares vote at 2:1 of the common, they convert to common at 1:1.

Therefore, with 400M shares outstanding (before Series D), Chis would probably get 400M of the Common for the Series C, and another 1,200M for the Series D, giving her 80% of the buyout value, leaving common shareholders with 20%.

Depending on what the rules allow, it's also possible that she could convert the Series C before the Series D conversion, which would mean that the number of Series D shares would be based on 800M shares of the common, meaning that she would convert those into 2,400M shares, plus the 400M from the series C, for a total holdings of 2,800M out of 3,200M, or about 89.5% of the common shares.

CEOA1US

05/18/20 8:03 PM

#7122 RE: bspader #7119

You clearly don't understand. You are going to be diluted by 3x. Geez, you don't get it. She is getting 3x the amount of shares issued for her company. So at the current price, they are valuing her company at a notch under 6 million dollars based on today's price. I realize this may be more math than you are used to doing for a penny stock, but that would be less than 1/2 its current sales price. Even if they do a reverse split, as long as the convertible notes are out there it will get blasted down to oblivion. Each time is happens successively faster because people won't jump in like they did the first reverse, second reverse, third reverse.