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Spherix Incorporated Message Board

  • takemeserious2004 takemeserious2004 Aug 1, 2013 9:34 AM Flag

    The float will go from 1 million to 15 million.

    -------------------------------------Dilution----------------------------In my opinion this is a very high rish investment....

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    • If your a short let me help you out. In order for the Series D shares to be converted they converting party can't end up owning more than 4.99% of the O/S. So these shares will never be converted until there are at least 140 mil O/S and that if the converting party ask to increase the threshold to 9.99% per their right.

      I'd be much more concerned about 140 million shares versus the 14 million, but given its unlikely to happen anytime best to worry about neither.

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