what dilution ? STTK settled $766,288 law suit for around 18 mil common shares and that's why o/s increase to 44 mil..
any company other then STTK could dilute half bil to pay such amount that is 120% above STTK market cap as of today.
STTK still has 96% of it's A/S capital shares reserve for future expansion and settlement of tiny $224k remaining default debt to giant IBM($108k) and employees..
did you noticed when google or Facebook got public most of their employees became millionaires or even billionaires why...
b c big cats were paying salaries with common shares then cash.
read again my post about dealing with ASC $766,288
this is life time opportunity and don't compare STTK to any other tech or MJ stock.
look at leadership all in early 30's (they could be my sons)and energetic and are about to build a $bil platform(IMO).
STTK is my bank since I have $xxk for day trading with MJ stocks and what ever profit comes out comes here..
.......BANK OF STTK.....need $1.5 mil for new house in cali and my business( a little café)and with 5 mil shares all I need a pps of .30 and believe that's achievable after patent and successful launch of upcoming 3 platforms.......think big.....
I had 5 mil of NTEK at .002 that basically I discover or 2 mil of vape that I discover from scratch but sold both so early and on spli got 2 mil too but first 100% got out....
this is my third chance to find a company so rare in between thousands of pipe dreams and will take advantage this time till I get what I believe.....enjoy your night bro....smile and say tank you to VFIN to letting me/you/us to buy at this dirt cheap pps. BTW very soon pps of under .05 will dry out for good.
possible next week, most traders seem to hold till nickel and dime.....GLTU sorry for my bad grammer
small dilution was/is to set as settlement of liabilities owed by the Company to ASC in the aggregate amount of $766,288 (the "Claim Amount"), shares of common stock (the "Settlement Shares") as follows:
earlier agreement base of below...
(a) In one or more tranches as necessary, 3,740,000 shares of common stock (the "Initial Issuance") and an additional 200,000 shares of common stock as a settlement fee.
what changed....if stock below 90%
(c) If at any time during the valuation period the closing bid price of the Company's common stock is below 90% of the closing bid price on the day before an issuance date, the Company will immediately cause to be issued to ASC such additional shares as may be required to effect the purposes of the Stipulation.
here comes additional issue for Stipulation...
In connection with the settlement, during the six months ended February 28, 2014 the Company issued 8,576,000 shares of common stock to ASC in which gross proceeds of $60,060 were generated from the sale of the common shares. In connection with the transaction, ASC received fees of $19,739 and providing payments of $40,321 to settle outstanding vendor payables. Subsequent to February 28, 2014, the Company issued ASC 5,893,000 shares of common stock. The Company cannot reasonably estimate the amount of proceeds ASC expects to receive from the sale of these shares which be used to satisfy the liabilities. Thus, the Company accounts for the transaction as the shares are sold and the liabilities are settled. All amounts are included within accounts payable. As of February 28, 2014, all of the share issued prior to that date had been sold by ASC. Shares in which are held by ASC at each reporting period are accounted for as issued but not outstanding.
as it says above ASC already sold 8,576000 and are part of 48.5 mil o/s but the second amount of 5,89,3000 issue on feb 28 and company has no knowledge if been sold or not and that's already part of 48.5 mil o/s
basically combine ASC almost got around 18 mil shares for settlement and sold all or are dumping last lot of 5,89,3000 these days...
