RE:Here We Go 65 Cents???!!!ScarletSpider you stated in your last post:
'So you are supposedly looking at a floor of .68 low due to the first 10 percent unsecured round yet stupidly these on a milestone of heating starting drop from .80 to .62 then recover to .72 to .75 abs now second round you have a .72 floor and this has a premarket still below .68???!!! If the trading range is between .68 and .72 I get that but now people want to play the push down the value game to possibly force a conversion of shares at .68??? '
First off, your long rambling posts, without any breaks and paragraphs, are always a
bit of a headache to read and understand as I've mentioned before. But what you are implying I think, regarding people playing games and trying to bring the SP down, is
that they have already started to try and convert their debentures to buy shares at .68. That can not be done at the moment.
If you check out the PP statement and guidelines as it relates to 'conversion and timing'
when debenture holders can convert to cash to buy shares at .80 or whatever, they are
not allowed to do that right away if that is what you are saying.
The reason for this as I understand it, is that there is an immediate and mandatory
'Hold Period' when you acquire the Debentures. And that it is stated as 4 months and 1
day after the issue date.
I know it's frustrating to see the SP drop during these times but at least a good thing
is that the first issue of the PP debentures have now been closed. The second set
being issued looks like they will also close at the latest on April 15 or, maybe sooner?
By then, we could have more updates on the pilot as we get closer to oil production
and perhaps daily trading will begin to settle down on a more stable and 'upward' basis.
Then, we begin to move forward and start eventually getting excited about oil sales.
nd you tend to jump around