Paunch, in you post was the following:
>>>
$ 500,000 to pay off the debt
$ 750,000 to prove the property.
Then money would be available from the out side.
<<<
"from the outside", is this a reference to that rumored PP,
or are you saying "...money could .." because you feel that
the company will have a value reconized as desirable ?
Also, let me do some simple numbers, and use as one million
dollars total to do both above. If there are 20 million ipmcf
shares out there, and we can get 2 million pledged, and if every
person puts in the same percentage. Lets first assume every
person in the 2 million pledge puts in the new money, and noone
in the other 18 million puts in money.
That 50 cents new money for each share.
I must be doing something wrong here, but I will continue.
To get a 10 cents, needs 10 millions shares.
Or, if everyone, meaning all current ipmcf shareholders, agreed
to put in new money, all the same percentage, meaning for each
share the same amount of money from each. Then with 20 million
shares, and new money of 5 cents per share, gets one million.
20,000,000 x .05 = 1,000,000
20,000,000 x .06 = 1,200,000
So, if all did 6 cents per share new money, I get your numbers.
If 2 million only does it, then 60 cents.
I just had a bad thought.
When I say that all current shareholders should retain a valid
ipmcf share, even if they do not input any new money, and assuming
somekind of dilution, I'am thinking of those that pledged their
share vote to Chuck and Robert and Paunch and John.
Not those other 18 million that did not support this activity.
I don't think they can be sepeated.
If 90% of those that pledged their vote did add new money, I would
like to see the other 10% be carried over. But if using all shares
out there, if 2 of 20 add new money, I can't justify 10% taking the
whole risk and letting 90% come for a free risk free ride.
Guess a 100:1 dilution would have to be done, effectivily leaving
any current shareholder that adds no new money with close to zero.
This troubles me because if we just got near the 2 million pledged,
are those other 18 million shares owned by who ? Why are they no shows
and silence, as if they don't care. Maby they could walk the walk the
same way as they talk the talk. No talk, no walk, cancell the shares
and give up any claim on them.
I really have no idea what the hell is happening, as options.
tar and chicken feather those responsible for this mess
then put them in the middle stall between Bill and chatters
as they have another far*ing contest
Bill won the last one, I unfortunility had the unpleaser to witness
but then for quality, chatters was the winner
bill has the quanity fartability |
