Appyea Inc (APYP)

[mc6102]

I asked you to elaborate on the 300M "diluted" in the year, because you are not putting things in context. All you just stated is March 31 numbers for 2016 and 2017, respectively. If you read the last 10K for the fiscal year end of June 30, 2016, it stated that there was a convertible note -- which existed prior to the CEO taking over -- that was satisfied by the issuance of shares, reducing liabilities in the process. ("As at June 30, 2016, the Company had total liabilities of $38,549 compared with total liabilities of $236,688 as at June 30, 2015. The decrease in total liabilities of $198,139, during the year ended 2016, was the result of converting $73,182 of convertible debt to shares of common stock, which also reduced the derivative liability by $157,323.")

Also...

***Since about when the CEO took over, and from June 30 2016 until March 31, 2017, there have been the SAME amount of common shares.
"As at March 31, 2017, and June 30, 2016, 464,667,527 shares of the Company’s common stock were issued and outstanding, respectively"

***Further, the Q states that as of MAY 9, 2017, there are the SAME number of common shares.
"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 464,667,527 shares outstanding as of May 9, 2017."

SO, for nearly a year, from at least June 30, 2016 until now, common shares outstanding have remained the same. I didn't calculate the exact conversion and I don't care, but I do know the "dilution" occurred between March 31 and June 30 in the final quarter of the fiscal year, and it had a lot to do with an existing convertible note executed long before this past year. Now its out of the way.