Atlas Lithium Corp (ATLX)

[SooS416]

Looking at the numbers more closely,

Total volume 6/5-6/15 214M shares traded
Increase in O/S 6/5-6/15 192M (660M to 852M)
Form 4 Shares 6/8 for comp 10M shares

What does this mean, it means that almost all volume recently is dilution and it is being absorbed

So i estimated that there is about $80-$100k in toxic debt left to convert which at current levels is 205M to 256M in shares.

There was 46M in volume yesterday alone so we are down to 150M to 200M and counting, we might also see a little reprieve in the dumping before the final hurrah to allow for the PPS to appreciate before they are totally out.

Management has done a great job at being forthcoming about the debt situation and providing shareholders with enough information to understand where the company is at with respect to converts. Many other companies are not as open about the situation and often hide the O/S and remaining debt as much as possible.