Replies to post #10161 on 141 Capital Inc (fka ONCP)

[BigGreen101]

Anyone that converted their shares will not get as many shares back, but they MIGHT be worth more. To this point, they can have a max of 12.5X gain.

If you bought 1M shares at 0.0001 = $100.00 then you have 1000 preferred shares. If the market is good then you will end with $1250.00 after you convert back to common shares. The statement with "if the market is good" depends on how many people rush to the door and convert and finally take their profits. The conversion is based on the price of the share minus 0.20%.

Example
Say the current price is $5.00. 5.00 * 0.2 = $4.00

1000 preferred shares/$4 = 250 common shares

250 * $5.00 = $1250.00

Your overall profit will depend on the initial purchase price of the stock. For some who purchased say at 0.0006, they will have less profit ($650.00).

Thus no one needs to RUSH and sell. The higher the price goes the lower the overall common share count gets (common and preferred converted to common based on days price).

That was the ingenious part here. The higher the price of the stock the fewer awarded common shares for preferred shares. Yet, who ever has the preferred shares MIGHT make a nice profit, with the note that not everyone tries to cash in at the same time at this point.

Best of luck to all.