Replies to post #27656 on CuraScientific Corp (CSTF)

[Mickey4]

Okay, put up then... Though there was a 330,000 block of preferred shares returned to the treasury last September @ $10 per share it doesn't mean there is a block of 70 million shares valued at $10 per share: show me...

[Mickey4]

Furthermore, I was referring specifically to a conversion request that went to Boon on November 15th and 67,378,917 shares are needed in order to satisfy that conversion request... Now, based on this current update it looks to me that the conversion request was honored and is most likely the bulk of the 90 million shares you just mentioned... $BNOW.

[Mickey4]

Focus, BS here is high but the OS is low at 458 million shares... In fact, I would call this a beautiful share structure compared to most all OTC stocks. Again, stated value is not nominal value and certainly not redemption value. You can't get to 14 billion shares from a 7 million block of preferred shares as you stated, quote:

"It's $70 million worth of Preferred Shares (7 million x $10 per share), not a 70 million share block.

Big difference.

To convert all that at current prices would add around 14 billion shares to the count."

That said you might get to 70 million shares with this conversion ratio and that's why I said your example is not likely but there is a chance that those are our spin-off shares at 70 million shares. However, what kind of fuzzy math did you use to get to 14 billion shares???