Their past MO has been to find a buyer with potential to have potential, then embed themselves on the preferred share side for 2% of the O/S
Yes 1 P-shade = 60% of the vote and can convert into 20m shares. Takes the Board to convert that. No new BOD will allow that. Just yet. But @ .0001, I'm in! LOL hell yes!
Pinch me.,
How they exit is a mystery.
Like in AZRH, they are still holding up to the last filing. That's over a year. 2% of $140m
That's one hell of a pay check on paper.
Same with ZHUD.
This way they can sell the shell dirt cheap and attract better potential. Sell the shell for expenses. Get that seed money out ASAP.
Synergy does the same. But they haven't put out a good sell R/M since Biden. FJB still