Steve or Matt, any opinions or info with regards to the
following? This was sent to me from someone who posted it on
Stocktwits. Thanks in advance.
Is the CEO non-transparent, incompetent, or fraudulent as
regards the cap table and the fully diluted OS? We know he
mistakenly said OS would be capped at 150m, it’s now 184m. He
then went on to say that it’s almost capped as it went above 150m.
Now as shareholders have begun to dig further into the
financials we find there are multiple inaccuracies as regards
updating of preferred shares and wide ranging conversion rates on
preferred shares, specifically D and C from 120x to 570x to 1400x
to 3000x. We can also see that only about 3,000 shares of D/C
shares have been converted and there is still around 5,000 to be
diluted…based on prior conversion rates we could see anywhere from
60m to 1b more shares here. Assuming D and C sold these
conversions they’ve gained upwards of $20m while we witnessed the
lowest pps for common shareholders in over 3 years
best to message Steve personally about stuff like that, that's
not a BPT stock or anything I have insight on. Otherwise obviously
it's performed like dog crap. The other problem you have is the
time of the year, because it's performed so poorly there's
additional tax selling. Again most should avoid those special
situation stocks as many go under over time from what I've noticed.
Otherwise a positive is they are making money, I would like to see
current numbers. But given the time of year, if it's going to enter
a period of recovery, probably next year or later month.
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MMMM Steve or Matt, any opinions
Posted by rfa300 on 4th of Dec 2022 at 02:24 pm
MMMM
Steve or Matt, any opinions or info with regards to the following? This was sent to me from someone who posted it on Stocktwits. Thanks in advance.
Is the CEO non-transparent, incompetent, or fraudulent as regards the cap table and the fully diluted OS? We know he mistakenly said OS would be capped at 150m, it’s now 184m. He then went on to say that it’s almost capped as it went above 150m. Now as shareholders have begun to dig further into the financials we find there are multiple inaccuracies as regards updating of preferred shares and wide ranging conversion rates on preferred shares, specifically D and C from 120x to 570x to 1400x to 3000x. We can also see that only about 3,000 shares of D/C shares have been converted and there is still around 5,000 to be diluted…based on prior conversion rates we could see anywhere from 60m to 1b more shares here. Assuming D and C sold these conversions they’ve gained upwards of $20m while we witnessed the lowest pps for common shareholders in over 3 years
best to message Steve personally
Posted by matt on 4th of Dec 2022 at 05:23 pm
best to message Steve personally about stuff like that, that's not a BPT stock or anything I have insight on. Otherwise obviously it's performed like dog crap. The other problem you have is the time of the year, because it's performed so poorly there's additional tax selling. Again most should avoid those special situation stocks as many go under over time from what I've noticed. Otherwise a positive is they are making money, I would like to see current numbers. But given the time of year, if it's going to enter a period of recovery, probably next year or later month.