Wednesday, May 03, 2017 2:03:28 PM
From a long standpoint, "true dilution" in my mind would be any dilution that decreases my money upon buyout, regardless of when the market sees it. If I don't care about day-to-day price fluctuation, then why would I care about the timing of float increases? My main concern is the denominator of the buyout price, and anything that increases the denominator is "true dilution."
If you create 160M preferred shares and 80M warrants, then you've made 240M "virtual" shares. They don't show up in the float or O/S, but they sure as shit show up in the denominator of the buyout price. And that is "true dilution."
Now, let's not get mired in the argument about dilution. It was obvious from the second that SequestOx did not get approval that there was going to be more dilution. That's not my beef, nor is LPC III. My complaint is the way in which it was done, with senior preferred shares, 20% dividends, 2:1 warrants, and ratcheting conversion factors (so those 240M "virtual" shares magically become 300M, 400M or more.) IMO, at least 100M of Nasrat's 160M common shares are ill-begotten ($10M paid for <$3M worth of ANDA's). Now, solely as a result of his incompetence and lying about SequestOx, he gets to double or triple those stolen shares with shady financing tricks. In the end, that comes right out of my pocket, and that is "true dilution."
There are third-world strongman dictators who wouldn't have the audacity to so brazenly steal from the treasury. The commoners would riot and throw him out in a coup. Around here, we praise his brilliance. Shameful.
Well you placed your life on credit and your lovin' days are done,
The checks you signed with love and kisses later come back signed insufficient funds.
Funkadelic - Can You Get To That
Maggot Brain, 1971
Recent ELTP News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:55:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 07:21:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:20:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:20:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/28/2023 12:05:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:58:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:50:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration with ZenaDrone • InvestorsHub NewsWire • 11/16/2023 12:32:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/25/2023 08:15:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 08:05:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 09:30:05 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/31/2023 08:20:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2023 08:15:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/29/2023 09:15:09 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 06/29/2023 08:43:45 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM