RE:RE:The price HAS to stay below $3 until financing is completeI meant to say debentures. It's different for them thought. Correct me if i'm wrong. Otherwise we have someone dumping millions of shares for fun when they could easly DCA out of it on the way up. yay......................sounds smart!!
Singidunum wrote: Shares are alway issued below market value. Look at Tesla.
SEC doens't care how much investors will pay for financing. What a hell are you talking about? Read a finance book before you invest and pretend to know something about the subject. This is how bagholders are created.
zenith9 wrote: I know this sounds dumb and all but there is a risk the financing doesn't get approved by the SEC if the price goes above $3. I think this is just bad timing on the part of Frank, he was probably expecting a dip after the big run up but didn't expect the quick pump in bitcoin and ETH so now he's in a bind. I suspect he's frantically trying to keep the price below $3 until the financing is closed. Otherwise imagine a company being allowed to issue shares at below market value if this was trading at $4 or $5 for example....wouldn't look good.
I know this is obvious to some...but it took me a while to digest this. So once the financing is complete (hopefully soon) we should see the price significantly rise. I don't think it's short selling in action. Just suppression tactics until the deal is approved.
Hopefully that helps the Convertible Debenture noobs like myself...