Replies to post #21814 on Two Hands Corp (TWOH)

[wingtrade]

I agree. But the O/S is still quite low here... what are the proceeds from those shares being used for? Big move could happen.

[FloatCleaver]

Yup. But if you read the breakdown on who got those shares as in 5 percent owners youll understand once you DD those guys. Its my understanding that one of those guys put CS and IPRU together. The rest of the outstanding was issued at premium in the high teens. In an earlier post I stated I believed the float to be around 290m shares. 12m shares were returned to treasury and 40m were issued at premium of .0019 in May. I believe those shares were sold through VFIN. Assuming insiders who bought higher are still holding I think the float here is still solid. IPRU would be nothing worth touching without CS. I believe for this reason that CS and IPRU will merge to some degree. Someone did a solid for IPRU by hooking them up with CS and I believe that 140m was payment. What does that leave Clarke? Gotta be something on his plate on the back end. I dont discount the probability that those shares are being used to suppress price to buy IPRU dirt cheap or MMs are covering shorts with it. Weve watched untold millions sold at bid when there was no bid to support it. For example, today we saw a bid at 12 and 11 but despite that shares were sold at .001. I stopped counting after about 60m were sold in this fashion. If youre really diluting why would you sell below the bid? I believe this is all coordinated from the start and I believe a run is being coordinated. News will give the best indication on where the price will go. JMHO.

[mick]

it is a struggle so far getting this done. many believed iit could get done but not so far.

re;
I have a problem with this post. It is very misleading with regards to following paragraph headed with this sentence.
Quote:
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"The biggest news that some here are expecting is a possible reverse merger between C&S and IPRU. If you read the financials...."
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What it actually states in the financial documents regarding what I suppose you claim the C&S Promissory Note is this:

Quote:
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From October 10, 2012 to October 18,2012, the Company issued 140,000,000 shares of common stock valued at $226,600 for settlement of $14,000 in notes payable. As a result,the Company recorded a loss on settlement of debt of $212,600
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This means that the Note holder loaned IPRU $14K. IPRU repaid the principle and accrued interest (none) in the amount of 140 million shares of IPRU common stock. These shares, at the time of payment, were worth $226K. Making the difference, $212.6K, a loss to IPRU and is documented as such in the filing. Basically, the note holder paid $14,000 for 140 million shares. This means that the note holder's conversion price was $0.0001.

I think I might know where all these shares are coming from.

[Mondragon]

This should be stickied. Or the existing sticky containing the just plain incorrect information needs to be deleted.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89555754