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Microcap & Penny Stocks : RGBL.OB RG Global Lifestyles, Inc.

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From: mars-rover1/25/2008 11:41:55 PM
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The convertible notes are no threat to RGBL's stability, in fact, it will likely be beneficial. NIR does not now and will not soon have enough of a position to affect share price, despite their claim to remain major investors. They must buy on the open market, and or convert now paying RGBL millions, then wait a year for their restriction to be lifted on the converted notes. Now that their previous stranglehold on RGBL has been guillotined (RGBL paid off the $2 million of debt) they will do whatever it takes to get the share price above a buck ten. It appears the strong shareholder base is committed to holding for the big payoff this year.
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