Replies to post #62562 on 02 Secure Wireless, Inc. (OTOW)

[sgunderbarth]

Yes..... But I think the price would need to be much higher for AGS to sell up to $50mil worth of shares... Otherwise they'd sell themselves into no-bid land. I'd say a possible r/s is in play. Or there's something else going on, hopefully in favor of pps without a r/s. I'm holding some OTOW, but I'm just sayin.... $50mil of equity at .0005 pps? Um, hmmm, that's a boatload of toilet paper. See what happens, I guess.

[Sccrbrg]

its definitionally pretty straight forward.

The company has the right to sell "restricted" stock to the financer (not lender - theyre getting equity in exchange for the capital) who then profits from share increases by dumping the shares back onto the market.

Most legitimate deals of this nature offer some shareholder protections like price floors and restricted share requirements. They also usually are transferred at market price.

But as per our PR the transactions are to occur below market price - setting the financer up for instant profit when they flip the shares.

Whether they claim to be giving away restricted shares or not. IMO theres going to be a loophole or limited restriction time because no financial firm would expose themselves to that much risk by buying now and waiting 6-12 months to cash in on a security thats dropped well over 90% in a years time.

Im sure you know this, more for the general board.

If im wrong on any part feel free to correct me, but thats what 2 minutes of googling got me in addition to some applied logic.