Post by Ethan / JRyan on Jun 1, 2021 20:59:08 GMT -5
I got the letter as well.
What I can surmise is that they want to double the issuable shares from 400 million to 800 million.
I know little more than that other than the same shitheads are back bashing after a hiatus.
No matter, a request was sent so I will update the Netback sheet for all to see. Disclaimer, I know not if the rules are the same when I made the sheet and I am too lazy(tired) to look, so it is an assumption regarding netback and R-Factor values.
400 Million shares at today's price:
NOTE: the math does not work as Yahoo says market capitalization is $121 Million as of 5/30.
This comes out to 275,000,000 shares at todays price but 242,000,000 shares issued 5/30 when $.50 a share.
Of course it dropped today, shorty's on the offensive again I guess.
Still they have ~100,000,000 shares yet to issue? Why increase to 800,000,000?
I have my guesses but they are only that. I have not talked with anyone in months.
I will use the 400,000,000 number for now, at today's close for reference and then do 800,000,000 below
800 Million shares at 1/2 todays price:
What I can surmise is that they want to double the issuable shares from 400 million to 800 million.
I know little more than that other than the same shitheads are back bashing after a hiatus.
No matter, a request was sent so I will update the Netback sheet for all to see. Disclaimer, I know not if the rules are the same when I made the sheet and I am too lazy(tired) to look, so it is an assumption regarding netback and R-Factor values.
400 Million shares at today's price:
NOTE: the math does not work as Yahoo says market capitalization is $121 Million as of 5/30.
This comes out to 275,000,000 shares at todays price but 242,000,000 shares issued 5/30 when $.50 a share.
Of course it dropped today, shorty's on the offensive again I guess.
Still they have ~100,000,000 shares yet to issue? Why increase to 800,000,000?
I have my guesses but they are only that. I have not talked with anyone in months.
I will use the 400,000,000 number for now, at today's close for reference and then do 800,000,000 below
800 Million shares at 1/2 todays price: