BUT, how many of us on this board are "happy". Happy for what, the opportunity to dilute the h8ll out of our own stock. The opportunity to put BKMP at .0001 flatlined. Do you realize what the dilution could be. 176 billion shares.
Hummm! What would a professional HOLDING corporation do when one of its underlying held companies was on the verge of worldwide acceptance and explosive revenue growth?
I can guarantee you will not find one….ever…..like what has occurred here.
Why not just issue a legitimate new Preferred Class A for a special open enrollment to existing shareholders and avoid the whole 176 Trillion IMO embarrassing fiasco?
Could you please explain how 0.0002 pps represents a 100% gain over the 0.00015 pps the conversion takes place at????
The problem with that theory is that as soon as SW mentioned converting that large a number of preferred shares to common, the resulting dilution makes the common shares value far less than the 0.00015 conversion price. Also, it sets the value of the common shares at 0.00015 pps at which we are currently just barely above.....and tell me many of those 0.0002's are not fills on the bid!
Why convert when you can buy at that price on the open market without restriction!