Replies to post #6438 on Wellstar International (WLSI)

[drkazmd65]

If this is accurate and enforced (or enforcible) then that could be very hard on Asher if the share price increases appreciably and if they are forced to repurchase the sold shares at a much higher rate than they sold them.

Maybe I should add a couple hundred K of shares just to see what might happen?

[Slojab]

The holder broke the contract and a law suit has been filed against him.

I don't suppose the poster offered any proof that there actually is a lawsuit, did they?

[Spuds McKenz66]

it makes sense the way it traded down.

[gnomie]

Not sure if that $50M converted in 3B shares is correct.

1) There was a $500M deal that was to convert into 3.4B shares. But it was through JMJ.

I believe that the deal fell apart..I would have read that in 1 of the last two 10ks.