Alkaline Water Comp Inc (WTER)

[236T568]

its worse than that, the 3.0 million shares just issued to the two top officers are convertible preferred shares which have preference over all other common stockholders in the event of liquidation of the assets of scam company WTER

the preferred shares are convertible into common shares upon certain revenue levels met


and don't forget the 3.0 million stock options granted to the same two officers in Feb 2016 with exercise prices of $0.52/share

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11147948

but not surprised

and why is it not surprising?

because this is what scam companies do!

Wow. 3M shares were just issued to insiders. Before all of this, there were fewer than 6M shares outstanding. Now, we have 9M shares bought at 33 cents, 4.5M warrants with a strike price of 50 cents, and these 3M shares given to insiders. That's a total of a 16.5M that could potentially be hitting the market, when the price has been pushed up to $1.50.

I wish investors would read SEC filings more. Sure, there's a lot of legalese, but cases like this one are pretty easy to understand at a high level. Increasing the number of outstanding shares by 275% (without bringing in much funding for those shares, relative to the current share price of $1.50) generally doesn't do wonders for shareholder value. This is a simple case of massive dilution.

https://www.sec.gov/Archives/edgar/data/1532390/000106299316008774/form8k.htm