OTCPK:EMMBF - Post by User
Comment by
deminimison Jul 01, 2018 12:58pm
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Post# 28257248
RE:RE:Food for thought
RE:RE:Food for thoughtTheir price average is whatever they originally paid for these shares ( probably pennies). These are shares they owned from their original investment in the company long before it went public. The only reason these weren’t common shares on day 1 is that they voluntarily put them in escrow until June 2018. The market price on the date of conversion is irrelevant. They have been including these in their outstanding share count in the investor presentation which is why there has been such a large discrepancy between the amount stated in the presentation vs other sources that were only including common shares. All sources should now state 120M shares outstanding.