1. First round sale is at .40 or the pps the day after closing whichever is lower. Today is the day after so it makes sense for it to be below .40 Crede sold shares to keep the pps down
2. Second round sells at .52 a share, so the pps is almost guaranteed to be at or above that point when the second issue is made.
3. There are very specific time frames and restrictions on sales
If you would take the time to read you can do the math. .14 cent increase between now and the second issue from todays close. Multiply that times your shares and BOOM there is your $$$$$$
the only thing I see up in the air is the warrants convertible to common stock at .52 at either 1) 90 days after the initial registration date ( which would be today the 5th ) or the one year anniversary of the initial registration. if i'm reading this correctly, it means for all intensint purposes that the cap on the stock will be .52 for at least 90 days. someone tell me i'm wrong. if so, that sucks.
You're wrong in the sense that they've given you a minimum price of .52/share 90 days from now. It could be $5,000/share and Crede would still get their shares at .52/share, which, needles to say, would make Crede very happy.
Sentiment: Strong Buy
within 90 days says to me....we should expect a big bump. Big as in, past 1 to meet delisting requirements. We have about 30 days to hit 1 or we are 1) delisted or 2) 10 to 1 split. Going above one would allow Crede to exercise out and make a very nice profit. That is, if I am reading this correctly.
Crede isn't a charity...they make money. long term, not good. Short term, they know what they have to do to stay listed.
I worry about reverse split because this stock has really #$%$ the bed after every split
We mean the same thing free sells to Crede. Once they own they have up to 5 years to exercise warrants but can do so at anytime prior to then. They just cannot convert and immediately dump them so this is a long term investment not just a simple finance deal. You dont drop ten million with these kind of restrictions without a strong belief that the company pps is going up sigificantly.