Contrary to popular belief, big time dilution occurred in TPAC on a massive scale.
Here's proof ...
1. On 31 May 2015, the IBOX showed the following share structure.
OS = 2,411,319,366 shares
Float = 1,631,637,956 shares
2. Then on 24 Jun 2015 an 8K was released that stated effective 22 Jun 2015 the OS (and therefore the Float) was reduced by 778,952,234 shares. Good ole Bill touted this reduction as the best thing since sliced bread. However, he ignored the dilution that was occurring at the same time.
3. Neither the OTC Markets website nor the IBox were adjusted to reduce either the OS or the Float. Had the claimed reductions been applied we should have been at the following levels
Adjusted OS = 1,632,367,132 shares
Adjusted Float = 852,685,722 shares
4. As of 13 Aug 2105 the OTC Markets website shows the following share structure.
Authorized = 4,5000,000,000 shares
OS = 3,424,318,972 shares
Float = 2,672,227,568 shares
Simple math clearly proves that even after accounting for the much ballyhooed reduction of the share structure effective 22 Jun 2015, the INCREASE since 31 May 2015 is ... drum roll please,
OS increase since 31 May 2015 = 1,791,951,840 shares!
Float increase since 31 May 2015 = 1,819,541,846 shares!
That is dilution on a massive scale.
Even better is that this sad puppy is ripe for even more dilution.
I smell a rat.
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