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Re: cg22 post# 48738

Tuesday, 10/18/2016 6:28:08 PM

Tuesday, October 18, 2016 6:28:08 PM

Post# of 62848

Aren't we in the earliest stages of one of the most obnoxious dilutions



No, you are in the middle to latter stages.

COWI has been an insane diluter ever since they sold their first toxic death spiral convertible. In the last 4 years alone, COWI has had not one, but TWO 1-200 reverse splits, but yet still has over 12 billion shares outstanding. Taking into account the two reverses, that adds up to 480 BILLION shares issued. And, at current prices and the amount of toxic death spiral debt on the books (which is convertible into common shares at an average of 50% of market price), COWI can issue another (roughly) 92 BILLION shares RIGHT NOW.

All they need is to find people that actually believe this POS has any kind of chance and are willing to transfer money from their pockets to the pockets of the toxic funders by buying their heavily discounted shares in the open market.
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