ACTL, A/S now 10 billion shares per the financial. 699 O/S is old info from last financial just like all were heard there were only 83 million O/S from the last financial before that. Oops. With a new approved A/S of 10 billion from the company, mega dilution is in play. The company has written that minimally 5 billion shares or more will have to be issued to cover the massive toxic debt on the books. And no one will get any share update info for almost another three months to the next financial. But history just showed a whopping O/S increase of 742% between the last two financials.
Like I said, the company itself has already stated that they have massive toxic debt on the books which needs up to 10 billion shares to cover it. The O/S is going to grow. LOL We are talking a one man company that just lost a million dollars the last year, who don't even have a real office and have a UPS PO Box. LOL This suspect CEO is playing with shareholder value and made all those bad toxic loans. Hell, it wasn't with his money but shares. All I see are several trying to run this stock with no substantial reasons and nothing from the company. Made up nonsense of a buyout as well. No one would buy a shell this toxic with MASSIVE debt. They would buy a clean shell. Before, made up nonsense of a short squeeze. LOL
RIGHT FROM THE COMPANY IN THE LAST FINANCIAL:
"We are a start-up company. We did not begin meaningful operations until our first quarter of 2014. As of April 30, 2016, we had total assets of $20,119 and total liabilities of $3,819,101. Since our inception to April 30, 2016, we have accumulated a deficit of $5,235,590. We anticipate that we will continue to incur losses for the foreseeable future. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities."
And from the June 2016 filing:
Overview
The Amendment will have the effect of increasing the number of shares of Common Stock that the Company is authorized to issue from 750,000,000 shares to 10,000,000,000 shares.
Purpose
Our board of directors has determined that it is advisable and in the best interest of the Company to increase the number of authorized shares of Common Stock of the Company to have available additional authorized but unissued shares in an amount that is adequate to provide for the needs of the Company. Our board of directors has determined that it is advisable and in the best interest of the Company to increase the number of authorized shares of our Common Stock in order to ensure that the Company will satisfy its obligations under the existing convertible notes issued by the Company. The Company would be required to issue additional shares of our Common Stock upon conversion of such convertible notes and, under certain of those convertible notes, the Company is required to have in reserve certain quantities of authorized but unissued shares of our Common Stock.
