I hope you are right about $0.10. My target is 200k at $0.105 to ensure I'll have a complete doubling. I like doubling my $$$ and if I can get those shares, this will be my third for 2015. First was RGSE, second was GEVO..., now working on HERO. I currently own 88000 at about $0.133 avg.
Your numbers are a little off. The reset shares are volume-weighted. Depending on whether the use the low trades prices per day or the closing price per day, those investors will get something between 2 -2.3 million additional shares. Don't forget that they owned the bulk of RGSE shares and so were selling their position to get those other issues at 15 percent discount. Whether that is worth the effort or not is questionable - because by driving the shares lower, they attracted bottom feeders who are making a killing like fukyall. Also, whether big investors of RGSE could deliberately embark on a campaign to drive the shares down seems like a VIOLATION of SECURITIES LAWS to me (Collusion is illegal and against the 1934 act). Watch out in coming weeks for a possible SEC issue about this arrangement.
The detractors have been spreading all negative rumors here. They said SPDC have lost its customers, that it is bankrupt, that some other useless company has taken over the customers, that management plan to hand the company over to a noteholder, and that they made a useless buyout. Yet, the truth is that they have retained ALL and tremendously added new customers, they AFFIRMED guidance, competitor (PFSW) has only announced two new customers in five months, while SPDC has announced seven, the only nnoteholder converted the notes to common shares at conversion rate above $1, Fifth Gear has completely integrated and has taken SPDC to next level. Regarding the share sell, company only sold shares for about $8 million, PFSW has filed to sell up to $75 million, yet it did not go down but went up. So, you have to know that some DISGRUNTLED former executives together with certain investors are behind all this, Watch how they have bought up PFSW in hope that if they succeeded in destroying SPDC, PFSW will buy SPDC for pennies and enrich them. IDIOTS HAVE FAILED. I am SHORT PFSW and HEAVILY LONG SPDC.