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Re: Spider Web post# 3461

Thursday, 03/09/2017 12:00:01 AM

Thursday, March 09, 2017 12:00:01 AM

Post# of 4221
Selling Update

Sold Last Monday
Trade Date Mar 6, 2017
852,224 Shs Sold At $0.45
Filing Date Mar 8, 2017


Insider Form-4 Selling
* Oct 14, 2016 - Mar 6, 2017
15,166,281 Shs by Maxwell Ltd
* Nov 2016 - Jan 2017
76,067 Shs by Management
* In Addition To Other Dilution
TOTAL SINCE OCT 2016 = 15,242,348

Form-D & S-3 & 8-K Since Dec 2016
Approx Sh Equivalent Guess = 82,520,640

Current March 2017 Outstanding Shs
Guessing about 369,737,379 or even higher
( Sept 2015 the OS was only 140,374,297 )

ATM (At The Market) Dilution
< On March 8, 2016 the Company entered into an "At The Market (ATM)" Issuance Sales Agreement with FBR Capital Markets & Co. under which the Company may issue and sell Shs of its Common Stock having an aggregate offering of up to $50M from time to time. >

The ATM could be another 100,000,000 Shs
diluted into the OS and Float at today's pps.


Just My Opinion

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