Jul. 29 at 3:13 PM
$OXBR I should have not used the word "outstanding" it should be authorized shares. So lets analyze what jaybird is up to in his filings:
1. Jaybird buys in open market both shares and warrants something like 45-50K shares either side of
$2 -and 15k warrants under .50
2. registers shares for the warrants to the toxic investor and the 2029 warrants something just under 10 mil shares if and when the wts are exercised and called
3. reups his
$5 mil ATM with Maximus Ahole Brokers
4. files Proxy Def 14 form to increase authorized from 50 mil (current 7.8 mil issued and outstdg) to 500 million
In my opinion the Momo is trying to get in place the flexibility to do a large deal or deal(s) requiring him to perhaps raise
$250 mil to
$1 billion for some type of crypto/tokenization strategy.
Ambitious but I dont know if he has the chops to get it done.
He's either the hero and Superman or Patrick Starr to his shareholders-time will tell.
