GREY:ROAOF - Post by User
Comment by
radmanjeffon May 26, 2009 11:24am
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Post# 16016365
RE: RE: Clever
RE: RE: CleverPlus look at the nice big 20.5 mill convertible preferred stock note he offers to the creditors. Converts into our stock at this ridiculous price we are at now. So at say 10 cents a share the note becomes something like 200mill plus shares. Doubling the outstanding shares. He even goes as far as saying what the liquidation ratio would be. But what else do the creditors have to lose since they have been robbed already by Premier.