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Re: PMWC 2018 @DukeI took advantage of this pop and sold most of my shares ( in hundreds now :( ) with about 60%+ losses... This right offering is truly a "clever" way of raising their capitals. at the end of the day, Nail (yes, nail) will have $50M to keep his salaries and bonus; we will see 4 times dilution of our shares today: 50,000 (rights) X 220 (convertible) = 11M shares about 4 times of the shares today. in addition, if those rights choose to buy additional 220 shares each (option part) that would be another 11M shares and $50M capital join the scheme.... (our original shares before this RS would count for ~10%? anyone did math?) Poison pill indeed. I can't imagine this company would be bought by anyone, or anyone would swallow this many possible shares for whatever BIOC is left with (IP perhaps). After those 50K rights exercised in August, there will be a flood of shares, as much as 4X of today's outstanding coming to the market with gate fully open... we will see what happens. Guess what nail is doing today... busy printing new shares in his basement with a grin on his dried skinless face... very very busy!!! I am done with these shameless cowards and criminals. They will get their jail time one day! |
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Msg # | Subject | Author | Recs | Date Posted |
1214 | Re: PMWC 2018 @Duke | Aces_up_222 | 0 | 7/13/2018 1:56:05 PM |