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Wednesday, December 07, 2016 11:34:19 PM
YEPPER. Totally agree.
I wanna say after the massive 1-for-1000 REVERSE SPLIT, Nov of 2015, there was only about 850,000 or maybe 900,000 shares outstanding or so? I'll need to check the SEC filing, but it was under 1 million I'm pretty sure. So your number of 1.5 million for end of Dec 2015, sounds just about right.
So that's 100% correct, that the dilution is past STAGGERING IMO too. That's pretty close to a 70X, SEVENTY TIMES increase in diluted shares in just slightly over a 1 yr period, and a good chunk of those are all related to toxic, convertible debt being paid back, meaning they get issued at steep discounts to the current market price, ripping shareholders to shreds even more and even worse.
NOT a pretty picture. Pretty clear to me why it's back at SUB ONE CENT already, in a period of less than 12 months, after a massive reverse split. And I agree, NO END IN SIGHT to the dilution that I can see either. Nope. None.
Yeah, here- I found one of the SEC filings related to the reverse split, which was NOV 2015. PAGE 6:
https://www.sec.gov/Archives/edgar/data/1388319/000118518515002364/bioheart-def14c090615.htm
" The principal effect of the Reverse Stock Split will be that the number of shares of Common Stock issued and outstanding will be reduced from 855,691,815 shares of Common Stock as of August 26, 2015 to approximately 855,691 shares of Common Stock, $0.0001 par value (depending on the number of fractional shares that are issued)"
So approx 900,000 shares post the split, in Nov of 2015. So yepper, I'd say about 1.5 MILLION by end of Dec 2015, Jan 2016 sounds just about right.
So now it's almost 70 MILLION shares per this just filed SEC 13G by Daniel James, so again, that's an approx 70X, SEVENTY TIMES increase in about the past 12 months. WIPE-OUT DILUTION...no way there's buying pressure or demand to overcome that IMO.
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
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