Artificial Intelligence Technology Solutions Inc (AITX)

[rayinbrooklyn65]

OMVS: There is no doubt the company has convertible debt and is issuing shares - this is an OTC-listed company, not a component of the Dow Jones - it is the simplest, most cost-effective way such start-up public companies can raise venture capital.

I, unlike others, actually OWN my own business (a limousine company in NYC) and actually KNOW how difficult it is to raise money to purchase capital equipment (in my particular case, automobiles) to operate my business.

Just because the company is issuing some shares to cover costs for acquiring another company does not mean it is a SCAM as some others have continually alleged. There is a distinct difference here: OMVS is issuing shares to cover LEGITIMATE OPERATING COSTS, such as research and development and the acquisition of RAD, to name just two - these are productive endeavors that will make the company stronger in the long run.
It is a STRATEGIC plan here, not just the issuance of shares for the purpose of generating income for the company management, like many OTC companies do.

That doesn't mean dilution is NOT happening either right? More shares being issues for the merger and you need financing for it right? Didn't OMVS have a lot of debt?