Post by
FloatsnJets on Oct 28, 2016 1:08pm
Pay to play.. read it again
"new subsidiary conduct a proposed new financing by way of a rights offering" , "will allow all the existing shareholders the same and equal rights to participate in a new publicly traded entity"
The clone will take advantage of the listing and become a shell for the new business. If you are a shareholder, you will be given the right to participate in the first round of financing for the new company based on your current shareholdings likely 1:1. So you will have to pump more quarters into the machine if you want to go around again.
If this were to come back in its current form, pigs would fly....
Comment by
desertmule on Oct 28, 2016 2:03pm
I only have a small position here....wish I had none but as I see it, the new entity will be able to cancel all the warrants and incentive options (for performance etc.) which the old guard had (Jeff) and thus keep a tighter control of the issue. I think this is a good idea. I also hold GRB, but not for long, I've lost trust in this characters spiel!
Comment by
HammyHamster on Oct 29, 2016 2:16am
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