Replies to post #25772 on Valiant Eagle Inc (PSRU)

[Benwahsauce]

Did you read that wrong? They sold it for a convertible note for $500k

Meaning they are holding the convertible note from another company….

Why would he give them shares of this company when he sold it for 500k convertible? That’s a good deal since he’s probably going to get 7-8% on top of a discounted share conversion…this means he’s now indebted and can put this on the books.

I don’t know what your reading but I think you need to start asking yourself why is he not selling shares as some would think. This is not dilution from Xavier and I have a feeling he had no problem letting this drop to .0005 while he plans to start a buyback. This was already previously announced.