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Re: TheRealMrPirate post# 4539

Thursday, 05/25/2017 5:50:33 PM

Thursday, May 25, 2017 5:50:33 PM

Post# of 5282
They diluted maybe not by choice but because of poor economic decisions. They made loans based on shares that when the value of shares dropped it took more shares to cover. That is why AS was approved to increase from 500 million to 20 billion (40 time share increase). In a short period of time after AS increase the OS went to 4.1 billion with daily sells since of hundreds of millions per day at .0001. That means more dilution. OS is more likely over 6 billion as I'm waiting on the 1st of next month to see. Maybe not for the company raising revenue but to cover poor loan choices. Those shares were sold into the market at bottom prices because the entities receiving the shares make their money regardless. Cheaper the shares the more they receive. By their own admission they made some poor choices in these areas and hope to be more judicious in the future but in my opinion much of the damage has been done. GLTY

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