Replies to post #56495 on Movement Industries Corp (MVNT)

[SooS416]

It is still chump change for the total amount of shares issued, in total the preferreds would amount to 25M shares, so far 500k have been sold and that was around christmas/end of year.

So in over a year since any of those shares could convert at will, only 2% of the shares have. And for a long chunk of that time share could have been sold for a 100%+ profit.

So yes, one can make light of a conversion like that. Someone needed their money and with the way things have been economically I can understand why that might be the sase.