Friday, September 09, 2016 12:30:48 AM
1. The AS is 5 million per the NJ SOS site. So that's the max they can dilute to.
2. The lawyers are the ones that own the majority share (Nick and Carlos), so it doesn't make sense to dilute to themselves.
3. Diluting shares come with the risk of not having 50% of the shares in US citizen hands, which will void the claim.
Shares haven't been diluted for 40+ years, so I doubt this will be an issue.
Good question, but remember this used to be a big boy stock, not OTC. No need to dilute and the Nick wants to repay those that were wronged (shareholders and company owners).
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM