3:1 is better re: vote

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robvanhooren

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3:1 is better re: vote

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POET-ry In Motion

posted on May 19, 2015 08:25PM

pim> I voted against the RS.

suggest to re-consider what that no-vote actually does.

if the proposed 3:1 fails at AGM, the existing 5:1 remains available from mid-June thru mid-August.

I'm not sure who it was (bcd maybe?) that laid out a very reasonable path for RS as insurance -- not to get to the senior exchanges, but to keep it there!

viz: news bumps to $5, uplist, 3:1 RS to $15, small 675k shares PP to book the banksters' buy-in ($10MM-ish), grow from there, with fwd-splits as necessary in future.

that's good.

versus qty. 7-million shares PP to buy MM interest, 5:1 RS and uplist to USD$6.15, hoping that it stays above the magic $5 listing peg (7MM diliution will work to neuter any news).

that's not good.

could be unwise to force their hand.

myself, I'd take the 3:1 insurance premium, it's cheaper than forcing 5:1 prematurely.