Replies to post #311 on Global Marine, Ltd (fka GLBM)

[MasterBlastr]

Nice. Thanks for the good explanation of whats going on.

[investyunger]

Fuzzy math!

playstay77...you stated "The recent 8k filing reveals something huge. HH LLC. is giving them (.015 per share) in the conversion..."

the aggregate conversion of $176,780 / 118,904,071 shares = .0014867 pps.

you missed a zero...unless my calculator is wrong...or i'm dividing wrong!

more so, the conversion of $55k / 55 million shares = .001 pps.

besides the simple math, can you clarify what the filing of the 8k really means? as i understand it...all that happened was that Highgate House just invested $55k more directly instead of through a discount broker like you or me. question: why not just buy common shares like you or me? what is the advantage of converting a debenture into common stock at such a higher price (.0015) then what it is trading at right now (.0003/2)?

seems kinda strange for Highgate House to accept such a high share price (.0015) conversion rate when GLBM has been trading around .0008 on average for about a year! again, why invest $55k more on debenture only to convert it to common stock at such a high cost?

can you enlighten me? thanks
invest

[capted]

playstay77, Nice post. I do have a question for you though. What has Doug the CEO put together? It sounds like more lip service to me. Over 4 years ago, Doug kept telling everyone that he had a $10,000,000 infusion into the company. He told people that for years and it WASN"T TRUE. Personally, I don't think a Leopard can change its spots and I don't believe that Doug will ever change.

Show me some proof that things are different now!!!! I think this is a BAD investment.

[youhavenoidea]

GLBM = halted by the SEC

;-)