Wednesday, August 16, 2017 2:48:16 PM
A quick thought thats easily ignored many times
The outstanding share count has gone from 122 million to 319 million and that is roughly 197 million shares added.
Very roughly if the 197 million shares were converted at an average price of $0.04 a share that means just under five million dollars of debt converted and taken care of.
The point that is overlooked is that this number seems exaggerated because most people forget if the shares were converted at an average price of for example $0.08 per share instead of four cents per share then the increase in outstanding shares would have been 60 - 65 million.
It is what it is.
The outstanding shares increased by about 10 million the day before yesterday which was the day of the earnings release. 21 million shares were traded this day. The earnings were released at exactly 4 as the market closed. Yesterday the outstanding shares went up by about 5 million and 30 million shares were traded.
Some will argue that the selling pressure is less because there are no supporting bids but I think it's actually coming to it slow down or an end.
IMO
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