Replies to post #29722 on Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

1. BDGR gets cash (from who knows) and issues convertable promisary notes for one half of bid.
2. A/S must go up due to the fact that you have to make room for conversion
3. The notes are converted to stock and you buy 'em at market.

So yes it is possible for a one or two people to hold a large number until they can convert the shares back to cash.

[Sheepdog]

I can't explain why you are confused...

The statement was made BY SOMEONE ELSE that 30B shares plus had been sold and I merely pointed out that was impossible.

There are currently more about 19.5B shares outstanding.