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alexbh2285

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alexbh2285

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Wednesday, 10/19/2016 10:38:06 AM

Wednesday, October 19, 2016 10:38:06 AM

Post# of 25284
DILUTE-A-THON! 167.2MM shares outstanding on 10/13 up from 119.8MM on 7/27. Thanks, death-spiral convertible securities! The latest ones, which have not converted yet, are convertible into shares at the LOWER of .005 or 50% of the lowest of the latest 20 tradings days before conversion (i.e., if they were able to convert now they could convert and be buying shares for .0025 in addition to the interest they have gotten) - why would anyone buy the stock when the company is giving away stock at a 50% discount plus high (10%) rates of interest?!
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