Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
PBLS..........
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by will: [QB] OK. I vaguely recall the PR anouncing the acquisition of the oil company with 190M in revenues, (I apologize for not recalling the company name). If I recall it was done with cash, restricted common shares, and restricted preferred shares. When that was announced PBLS was selling in the .022 range. After that GOOD news, it fell to .013, because SCHB was selling his pants off on the Ask for days, (an indication of dilution imo), but that is past. At that time I argued that no one knows the terms of those preferred shares, the unrestricted due date, and/or more importantly, the CONVERSION ratio of those preferred shares. To date I would bet it is either still being ignored, or not an issue in many loyal investors minds. Do you not think it should be asked, and if not asked, disclosed by a forthright and forthcoming comapny? I haven't been around much since that PR was issued, maybe someone has asked, and was told the terms of those preferred shares. True, if the conversion rate is 1,000 common for 1 preferred, the A/S will have to be raised to account for the increase when converted, and again, when is the unrestricted due date, which will most probably be followed by an immediate conversion, thus causing dilution. These are just little nagging questins that are conveniently left out of the arguemnet and DD on a thread that is predominatly pro company. Now if this information was disclosed and I missed it I apologize, but if wasn't disclosed has anyone asked, does anyone care? [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2