Replies to post #11145 on 141 Capital Inc (fka ONCP)

[milo3]

catani, so according to you the only reason for (what you call) 'the three month lock-up' is to dilute. Is this correct ?
milo3

[nukuhiva]

What are you talking about ? 8.5 b the As is 5 bill ! show us any proof before you start rumbling here ...

[milo3]

catani, so if 'they' sold at least 8.5 billion shares to retailers which company sold how what number of shares ?
Just curious.
milo3

[BigGreen101]

Lets also look at this in another way.

First deadline for preferred shares Nov 7 2008. Lock up period three months. R/S happened Feb 6th... three months.

Then it was extended to Dec 31, but is that really the start date for three months. No, it is when the shares were turned in to the TA.

Thus the company offered preferred share with 12.5X returns, if bought at 0.0001.

The company might not dump, it will be all the insiders that got in before Nov 7 and are converting back to common shares. Everyone that got in late will be left in the cold.

All of this might all be false (just my opinion). If the company comes out and states that all preferred shares conversion starts at Dec 31th for the three month waiting period.

[snow]

catani

When some shares are locked-up the shareprice will normally reflect this fact, it will be higher than with a higher float. That means that dilution will take place on better terms than if this was not the case. That will be advantageous for all shareholders.