Replies to post #8029 on Unique Logistics Intl Inc (fka UNQL)

[Kahobgood]

Here we go with preferred shares again.

[free_man_n_paris]

Can't argue that

Edit: But we do have some time for a pop before those can be converted.
Our only hope!
And what will s/s look like after name change or when those kick in?

[Legster1969]

Explain, please.

[Helter Skelter]

Billions...in convertible preferred stock is to withstand 2 1:10 reverse splits. The first one will be at $0.40 and take INNO to an exchange (NYSE, NASDAQ) at around $4.00. This will be in about a year maybe faster as they have some acquisitions to 'take care of'...down here (more preferred stock). The second 1:10 happens at $5 or $6 and takes INNO (ULHI) to $60 (3 years from now)...meanwhile, 2 billion (or however many) of the preferred are now 20 million (2B / 100, 2 1:10 RSs)...20 million shares by $60 = $1.2 billion = how one (CEO and other large ULHK beneficial owners) becomes a miniBezo, a miniMusk, lol...

Only thing that makes sense to me.

Meanwhile, they make acquisitions with the preferred stock and keep the OS/AS and importantly, the FLOAT, at very low (comparably) levels...while they make ULHI's performance move the stock, do the talking...

Market cap now around $13 million with $70 million (incl India) in revenue coming in shortly.