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I think you quoted the wrong section of my comment...
Yes, the LOD will be tomorrow HOD... thats how it works for FLES.
And, yes, of course thats how math works. I don't get your sarcasm. Were you trying to be funny?
Just remember the LOD will be tomorrows HOD.....
Dilution dilution dilution....
250K shares x .10 = $25K .
Thats what they are making off you now.
Think about how much toxic debt they have and then consider what they continue to do to the stock. For example, if you consider they have diluted 3.1 M shares, lets say at .45 (from $2-.25 price range). They have $1.24M in one month - free cash, clear.
I think by now they should have paid off all their debt. How much debt did they have?
I saw some notes due early and late June.
Oh today is awesome!! Today we got a new PR/update.
WOW! What can you say? Par for the course. The Q is going to be late.
Who here thought they would actually release the Q on time? Seriously, with all the dilution going on, they will not release anything until they can dilute this down to less than a penny. This scam has been set in place and they are rolling in the dough. All those who are buying the cheapies are just buying up their dilution.
I am no soothsayer or fortune teller (in this case unfortunate teller) but I believe that T/C will continue to regularly post late notices each quarter / year until they dilute all they can out of this.
Good luck to all of you!! I am holding 1K left and hoping and hoping something good happens for this....
Seriously, best of luck with this and in all of your future trades! Hopefully, they won't be a shit show like this one...
Not true - worse thing one can do is keep buying dilution down to .0001. This is not going anywhere... I have slowly dwindled my basket down to 1K shares. I have taken a loss on this but maybe, just maybe, and that is a HUGE MAYBE.... my last 1K may bring me about $500. (.50) I think that will be the highest this thing ever goes again... but most likely we will see .0005 and it will be there and below where it stays.
GLTA!
Trip zeros incoming... one for each of the guys running the company and then an additional for the accountants.
woo hooo.....0002 here we come....
Again - if you look at the volume for today 400K. That is absurd still.
The 30 day daily average volume from May 15 was less than 80K
In early June it had reached 153K
We are now sitting at almost 3-5X's daily average volume for the last few weeks / months. This should be skyrocketing. However, it is tanking.
The dilution continues because people think averaging down is the only solution... well, you can't average down past .0001 .. or I guess you can, its called bankruptcy of a company, they disappear and you are left with nothing.
Sorry, but he does have a very valid post and a valid question:
Why have they gone silent? Why no updates? Here we are heading to 3x the outstanding shares and dilution does not seem to be stopping... why have they not released a PR stating that there is dilution and what the dilution is being used for. Personally, I think it is to line their pockets, not just the toxic debt. Once you realize that profits are negative - they need to earn some money somehow, and that brings us back to dilution, unstoppable dilution.
If you have a valid answer, please explain why they went silent and that may silence josh... just thinking out loud on that one.
He is and was the original owner. He should be able to come forward and make a statement. That is all people want, they want to know what is happening behind the scenes. I, for one, predicted they were diluting and posted that, that has since been proven correct. I may be way off based on other predictions, but there is no way to refute that unless the company steps forward and assures us. All we have is the marvelous and great Wizard of TOG. I mean people listen to his word like they believe he is some form of deity. Why can't he as OWNER / CEO (co) make a statement? All he needs to do it release the PR and it reaffirms hope in the company.
My belief - he does not do this because he, himself, knows the sh*t show he got into with going to bed with the diluted devil. He may sound confident in the building of the business, but he probably does not get the same confidence that his business (stock, finances) is running on the same train track as his.
Good grief Chris - take off the panties and man up - Give Tim the middle finger and release a PR giving insight into what is happening.
Missmaci -
I respect that you have your conversations with Chris. However, I have called multiple times to get through to Chris but I do not get through to him EVER. How you do it - I don't know. I have sent several hundreds (feels like) emails to them, with no response.
If Chris so much feels this way, I would love to hear it FROM HIM! Not from a unknown person on a stock board. For all we know, you / TOG / Tim may all be the same person. The point is - if he has such strong feelings a simple PR identifying the upcoming changes, how to handle the costs of restructuring, and the way through to the 10K would be the way to restore confidence. I have consulted and contracted for many Fortune 500 companies - this is how the real companies function. They disclose the fact they are diluting and report regularly, they hire accountants that are given deadlines, and the accountant delivers. If the goal was to move up to a better exchange / market, this is how the companies do it, not be leaving shareholders in the dark.
With all due respect, Please ask Chris to announce what the steps are in restructuring, where the funds are coming from, and announce this publicly in a PR. Tell him that would keep a lot of the shareholders confident in the company. The great abyss of information they have created only leads people to think the worst of what could happen....
Cheers
My other thought on the 10K, financials, and the direction of the company.
I realize past performance does not indicate future events. However, there is some truth that past behaviors (or habits) are hard to break. Tim has run the MCGI into the ground living the life off the shareholders as he diluted the sh*t out of the company. It looks like his habits are hard to break. Again, past performance does not indicate future events. Someone mentioned he was the head of jobs.com or something, well, look what he did with MCGI. His habits of living - he still needs the $$ so he dilutes the sh*t out of the new company.
Mark my post - this will be .0001 within six months and Tim and Chris will be living the life in the Bahamas. OS share count - over 10B at that point.
I am going to unload 1/2 my last 8K shares. Anyone want some cheapies at .45.... ? LOL
Don't be surprised if there is no 10K ever. Don't be surprised is there is no investor. This is looking worse and worse each day. I took some time to review their amazon store and look at reviews. Over the past year they have been screwing up orders etc, read the reviews. Over the past 90 days they have a 63% positive and 37% negative reviews. Additionally, there has been nothing reviewed in the past 30 days. It looks like the longer the company is in business - the more they F stuff up. This is not just a disrespect for the shareholders, this is a disrespect for their customers. Not a good sign.
Again, my thoughts on the 10K and OS. I believe the OS is just over 5 M. Ironically, when the OS shares was at 1.9 M they had a much larger market cap ($2/share). Now that they have diluted this whole thing down, the market cap sits ~800K. A smart company would have PRESSURED the accountants to release the 10K by a certain date to keep the PPS up. It is understandable for companies to need to dilute SOME shares but they let the SH know when it is happening. If they had released 10K and share price hit $5 per share (or even higher) the market cap would have easily been over $10M. They have diluted the shares approximately 100K per day over a 30 day period (3M). Lets say they averaged a .40 per share - gives them $1.2M cash.
If it was $5 share when they diluted - they would have only needed 240K shares to dilute. Proposing that with a PR and letting the shareholders know what is going - I don't think anyone would have had a problem with that.
That being said - there was a reason they didn't go that route... most likely the 10K / Fins are no where as good as TOG has claimed they are. They may have $9M in revenue but they may also have a crap ton of debt which makes the profit negative!
I hear ya, I thought differently too. My 50K shares were at a premium because I bought a bunch after the RS (RS left me with a handful of shares). This has been one of my most frustrating investments. I NEVER have posted on any forums or boards. I share insights with a Telegram and Discord groups and typically we as a group do well. I was advised against an OTC, but last year when I was considering it, I thought, how bad can it be, they have a good solid company etc...
My average is pretty high so I have taken a loss (almost 70% of my investment, including my last 8k shares) but I have the last 8K here in the event this may turn around and bring me back to even. I am not thinking it will and have considered this one of my worst investments ever.
And I had several thousand shares (@ avg $4.75) in a biotech company GERON back when the s**t hit the fan on them in Sept 27.
Oh well, win some, lose here... and learn.
TA's are not required to report the OS / share structure. From what I understood, if the TA is gagged they technically cannot say anything until the company authorizes a release of information to the public. The link for the obligatory reporting is the reporting that the TA has to do for its own internal reporting to the SEC. If SEC wants access to a specific companies share structure, they notify the company, the company in turn authorizes the TA to allow access to SEC.
Did you even read what you wrote? I am sorry, you do not understand how dilution works. FLES does not have to SELL to Tim and Chris, they basically own the A/S. They can sell them whenever they want, just as they have been for over a month. The reason they are selling and diluting is because the dam 10K is full of BS, just like everyone who said they are not diluting. Full of BS. I can tell you they may have revenue - but their EPS will be a huge loss. I was willing to take that risk when OS were 2M, but this is downright fraud and cheating. Everyone thinks the great and marvelous Wizard of TOG has all the answers because "he knows someone on the inside"... well he probably does and they want him to post away about "fake news" so they can sell the hell out of the stock and make money off you.... and then continue to pull you along until they release and you see that it was just smoke and mirrors (and a curtain from the Wizard) and the stock price plummets... oh it has been plummeting -- look at that.
If TOG posts the fake news - they are not held liable. That is why there is no PR coming from them.... think about it.
Actually - I think thats funny. They are SELLING BIG... and yes, they have to keep selling big because they are averaging down and diluting the shares. So good luck with those thoughts that they are buying.
Second attempt - lets see if this gets deleted
For those who are buying now.
You realize that you are buying the company's dilution. What that means is that for every share they dilute and sell of the Authorized shares (up to 20B is authorized) the share price is averaged down. So if you are averaging down here, you are only hurting your chances of the stock price rising above the diluted value of the stock - in a sense, if you are buying, you are hurting yourself.
We have the HOPE that the numbers will be astronomically great. If the $9M in revenue is true, that divided by the 4.9 M shares leaves us at $2 ... GREAT, you say. Well, consider this, we only have that $9 M in revenue from the great and marvelous Wizard of TOG, who it seems has the inside track and the inside info to the OWNERs any time he wants. His posts saying that the 10K is coming almost seem laughable now, his posts saying there is an investor waiting to jump in, laughable as well.
Most companies with an investor really want to impress them - they do so by meeting deadlines. Who the hell wants to partner or invest into a company who does not meet deadlines? Would you partner with FLES at this point if your good name and your financials were on the line? NOT ME. Even if I was considering it, i would have walked away. Oh yeah, I am an investor, and I am walking away with a loss. I would not / will not invest any more money into FLES.
On the flip side, you will see many here who say - this is not the time to sell, they may be right, and it is also not the time to buy. The company has come out and has showed extreme dilution ( I for one have not seen such SECRETIVE dilution from a company in a long time). There are people on the board saying average down. That is not necessary a bad philosophy if the company has a bright future. What do you think of the future of FLES? I think it is bleak, if they continue to dilute, it only gets worse. Be weary of those who say to average down, they will buy the shares from the company at .16 and sell them out there to you at .18. They are penny flippers, they will sell 100K shares at a gain of .005 to make $500 a day. They will continue to tell you to buy, average down, and they will screw you over all the way to .0001 - cause this is the cheapies.. .just think of when the 10K drops - it just around the corner.
Seriously, I am not here to tell you to stop buying. Average down if you want, that is your money and your choice. I am feeling that there are people on this board who are in collusion with each other and working to take this down with the owners. They seem to be the ones who are always able to get through to Tim and Chris, and with my 2-3 emails daily and my attempts at calling, I cannot. How is it that they get through and no one else does? Several weeks ago I saw what was happening, I vocally spoke up and was shunned as a naysayer and a short. I can tell you, I am not a short. No one has to believe me (nor do I care really) but the point is, I sold down from my 50K shares to 8K left. I am holding and hoping... and that is where I am today. I realize I took a loss on this.. but stop the bleeding. Stop buying and maybe, just maybe, this may correct itself. If the company does not stop the dilution, this will never go anywhere and an investor will walk away, just as I have ... basically.
WOW - said something to upset the mods again.. post got deleted.
Notice post #36555 is missing... hmmm? Truth was told?
LOL -thats funny, because that is exactly what just happened this last month. May 1 OS was 1.9 M, June 12 update 4.9M. hmmmm WTF just happened? I see a stop sign on the site......
Explanation?
I agree - but you continue to lose money when those balls are diluted as F.
Everyone said I was up in the night smoking crack cause I called dilution... they asked for the proof. I said you can't prove it 100% but pointed how to see it in the charts. I am not saying I am a investing genius, but I do know what to look for....
In terms of dilution - lets see, they started May with 1.9 M shares OS. About a month later, they are sitting at 5 M basically, math on that is 2.5 x outstanding shares diluted in a months time. What next? You give them this leeway and they will dilute this down to .0001 in less than year. Why not release the Fins? Oh BTW - they prob don't have the numbers you think they have, those numbers that came from your boy TOG, who has been basically a front man for the company INSIDE INFO, may be way off and that is why we do not see the fins yet either.
I think they threw the Jedi mind trick at us....
These are not the financials you are looking for.... <waves hand in your directions>
SOOOO out of curiosity - how many more people will be buying out the dilution? Do you think they are going to stop there? Everyone here said they talked to Chris and he assured them "no dilution" ... I have even heard "it is illegal to dilute if you have the stop sign up"... yeah I bit my tongue on that one. That is what the OTC/Pinks are all about, and that is why they have the stop sign. They are not reporting. They are not reporting for a reason.
Serious - you must have balls of steel.
I think from previous posts, you were already running upwards of 60K. I do hope this works out for you. I really do! I realize that I am hitting hard on the negative side - but thats just my logic, reasoning, and opinion.
What I hope is different - I really do hope this takes off and jumps like everyone (including me) though it would. I wish you the best of luck.... I wish everyone here the best of luck, at this point I feel it will be luck.
Cheers mate!
I am still here because I have 8K shares still and I am HOPING that something may come of it....
I am not really expecting anything. I am also here because no one I know can get in touch with Tim or Chris, and this is the only place that people seem to get "INSIDE INFORMATION" ... for example, JP Morgan partnership, 10K will be out May, We are all good, T/C said they have $42 M revenue this month, they think... you know stuff to "feel good".... cause ELE....
Cheers
So if we are stating opinions......
I am just putting this out there...
WE R F'D. Front ways back ways.. sideways and all sorts of ways I can't even imagine yet. I feel it though.
I, for one, do not believe there is partners at this point. Reasoning- anyone who would partner with a company that fails to deliver the 10K is not a partner i want to be with. If your responsibility to shareholders is to inform them of the financials and you are not doing it - I would not partner. Unless the partner is just as bassackwards as Tim and Chris... then they would likely partner, but that means we are in for more of a s**t show.
In my opinion, believe we are being diluted heavily. For example, the other day (last Friday) we had ~700,000 shares traded. That is 1/3 of the outstanding shares. That stock price should have skyrocketed. I have never seen a stock with that much volume -- just move a penny or two, then drop back down again. The after hour trade, yeah that was a sale... late Friday afternoon DILUTION!
Financials will be delivered to the public when they have lined their pockets full of your money and the stock price hits a ripe .10. But at that point, the outstanding shares and the s**t show will just lead us to a .15 on the price increase. Eventually you will see this slowly dwindle down to .0001 again, with no bid. No bid = no faith in the company. I am still holding 8k shares and have cut my losses to a position I can stand and not be stressed about.
And yes, I have contacted specific people and specific agencies to help garner resources to help bring about some method or means to help those who are still holding. I cannot say that it will amount to much in terms of what we can do... but I can do what I can do. I have had some responses, basically, this is the OTC... yeah, good luck. So in a sense we are screwed until we hear from the kingpins!
Sorry - JP Morgan ? Now you are really fishing for a pump and dump!! What rumor board are you on? Namely what planet?
JP Morgan would not be partnering with a company that could not pull it together to get their financials released. And you better believe if they were partnering with JP Morgan... those financials would be on time - every time. No matter new accountant, vacation or whatever. And Tim and Chris would be worried as F about the shareholder. Which is obvious they are not at this point...
Just stop adding to the dam rumors. This is already a cluster F and the people who have money here don't need someone blowing hot air up their asses anymore. Just stop!
Sorry, the company can do announcements anytime. If the company is telling everyone in private how well the company is doing, they should release that to the public.
Quote:
We are so very healthy.
Reply:
What makes you think we are so very healthy? What information was given TO YOU that allows you to make such a bold statement? That would be good PR. It may not have the impact of the 10K, but releasing some information would restore faith in the company.
It seems that all the company can do is share their inside information to a select few insiders who pop up here and tell us all to keep on waiting,EOW is what we are looking for. ....... and then EOW, it will be I am sure it is coming next week. And then next week..... oh it should be sometime soon, most likely next week..... < move forward six months > ..... and we get the same story over and over.
Nope . Probably will never happen at this point... referring to the 10K. (And now the WOW an S-1)
Oh wait, it will happen, when they have diluted this back down to .0001 and want to restore faith again by doing another 6000:1 RS. They will justify it this time by saying, we are going to be different, we are going to release fins on time and we may even have something behind the magic curtain... an investor.
Yeah, they may release it eventually...... flip your coins until then and make the money as it drops because this is not going up.
Good thought -
I ask you Mr Tim, tear down these walls of dilution....
Next person to talk to Tim / Chris. Ask them to update shareholders through a public PR what the Share Structure is. This does not need to wait until the 10K or the accountants to agree to do it. They just need to call their Transfer Agent, authorize them to post a PR regarding the Share Structure
Personally, it they did this, I would feel much better. They realize that if they post a public PR and it is invalid and wrong, there is a lot more that can happen to them in terms of prosecution. I seriously doubt they will ever release a PR stating the share structure - or they will point you back to the old share structure. They will not give an updated ... because they know dilution is their middle name.
Some of us cannot get through to Chris.
If there were no dilution, how come the company will not come out and state the share structure. They can update this anytime they want with a PR. If there is no dilution, Chris as the CEO, can come out and specifically state how many outstanding shares. That is the duty of the company, as shareholders begin to question the competency of management, management should respond and assure the shareholders.
BTW it is legal for the CEO to provide a PR on the update of the Share Structure. That would solve a lot of this.
IF the management would come and update the share structure or allow us to contact and discuss share structure information with the Transfer Agent, then I would be okay. However, all trading activity and a gagged TA seem to indicate that a ton of dilution is happening.
I read several articles a couple of years ago to spot dilution. I provide you with a link to an article from 2016 regarding what happens to stocks and dilution on the OTC. Think a lot of this sounds familiar here....
https://medium.com/stockswipe-trade-ideas/spotting-dilution-5e9449fcf12
There may be some time wasted getting all of my complaints logged. However, in the work I do consulting and contracting for financial and regulatory agencies, I know I will be able to find someone in the agencies to reach out and move the complaints to the right people. So when it gets to the right people and they contact me, I can explain to them, I followed the proper procedures.
You know the six degrees of separation? Well, in the federal agencies, it is much less than six degrees, especially at GS15 / SES level.
Anyone interested in filing a formal complaint, here is the link to the SEC site. Right now this is what I have gone through earlier today. I have reached out to colleagues to see if there is a more formal, move up the ladder method, but for now this is all I can offer.
https://www.sec.gov/tcr
I filed mine under Insider trading using comments from the board posted here where people are having conversations with the CEO and he is giving them some type of indication there is a Buyout. I have included that along with other conversations mentioned.
I filed a second one this afternoon regarding price manipulation and alluded and showed the volume the price of the stock over several days and how they company is diluting stock but not reporting. I realize this is how the pinks / OTC works, but if I can get more complaints piled up on the SEC list, they may move up to investigate.
Also, consider if FLES starts getting formal complaints from the SEC about report etc, FLES may start to realize they are the bosses of the accountants and can get them to do the financials by a certain date. Anyone who is looking for a new accountant would realize they are in charge - they should have set a demand date for financials to be done. The excuse : employee on vacation. WTF?
Nope, I am hoping this goes back to at least .50 so I can exit ASAP.
I want out of this and I am hoping to get out with minimal damages.
Buy more of the crap as it sinks.... What the F? do you think this is the Titanic? Good luck with your .10 / .16 / .18 purchases. It is going to do you no good at .0001
Thank you for your clarification - but what in that conversation made you state this:
Quote:
$FLES - I spoke to CEO Chris as well yesterday for about 20 minutes. People here need to think big! Think buyout by a larger blue chip company!
Once the 10K is out, it is game on!
Reply -
Personally, I do not believe you talked to him, just my honest opinion. Just seems there is "select" few who can reach him, and they can always reach him when others cannot. It seems quite interesting.
So what in that conversation made you believe a buyout was possible? Chris had to say something that alluded to that... and if he sharing things like that to you, then that is insider information.
I am going to get the link for SEC formal complaints for others who would like to file a complaint as well.
I agree wholeheartedly.
I am willing to acknowledge when I make an investment and it is my fault and normal market forces that cause that investment to go sour. However, this is not the case with this investment / company. There is a lot of BS that is happening again that is way out of line with SEC regulations; not just reporting the financials or the 10K dropping. I think this morning people were saying they talked to Chris and he gave them the indication a BUYOUT or something was coming. Really, that is not even legal, that is material information and if it were even slightly true, they cannot and should not share it with one individual investor, or else that is insider information.
This whole situation smells of fraud and deception - collusion and dilution. If it smells like shit - it probably is. I think it is about time to file formal complaints against 4LESS with the SEC regarding sharing of information to individuals and not making public statements.
We will see what happens.
Sorry, I am not trying to preach doom and gloom, I am simply expressing my concerns and frustration. And how I usually resolve those concerns and frustrations. I find those who hype the stock from the perspective of revenues = pps share increase are also preaching fallacies. Their is a bigger picture that needs to be seen, not one portion of the picture. That is why investors look at the financial statements and do not rely on a single source for due diligence. 10K Drop please....
I have always promoted and told people to find a strategy that works for them. Find your entrance and exit points, if the price drops, reassess and determine what you think is an acceptable loss. That is logical investing with no emotions. i am in no means telling anyone, or everyone, to sell. Back when I started my sell off (42K shares of 50K) I expressed it to the group only because 1.) I wanted them to know small chunks would be out there and it is a retail investor, 2.) I did not want the stock price to drop substantially, and 3.) I sold in chunks in the hope that I could sell at the highs for the day.
I am out for the weekend - for those who are frustrated, I would say to you to reach out and push for the answers you seek. YOU have purchased a portion of the company and YOU are owed answers. Obviously, I am beyond frustrated with the company at this point - and for me it has become more of a prove the point. I have positioned myself so that if this drops back to .0001, I have acceptable losses to me. Very rarely does a company release GOOD news on Friday. By Monday the GOOD news is old... that has been the trend. However, if this does get released today, great for you and great for me. I will check back and look for answers to the questions throughout the day, but I have to pick kids up from boarding school and will be with them most of the day!
They may have some strong revenue - but revenue does not equate to profit. Revenue just means they are selling, but if they are way overdrawn in debt, then revenue means nothing for EPS. EPS is the breakdown of profits per shares, not revenue.
If they sold 334K and have debt payments of 400K... sorry, they are heading for some major dilution or bankruptcy.
Sorry Mr TOG, I have some questions.
Quote:
"We cannot control the wishes and demands of a institutional investor. We cannot force a new accountant to complete financials immediately."
Reply:
You are making these statements as though you are part of FLES; like management / owner. Additionally, FLES can control the wishes of an institutional investor; create a set upon date to do a PR and release the dam thing. Why does an institutional investor need to wait for a 10K? And if you cannot demand and set deadlines for an accountant firm, better get a new firm, it looks like they are the ones who are the bosses and in-charge. Each company I represent, and worked for, over my career, we have set time frames and held the accountant accountable. If you hire a new accountant without notifying them they have a deadline of two weeks, especially when it comes to your financial reporting to shareholders, you are just destined to lose money. It would be up to the accountants to meet the deadline, working overtime, weekends and holidays to meet that deadline. A MONTH to pull together documents that were supposed to be ALL READY FOR FILING.... that is just BS!!
Quote:
The company is not focused on the pumping of its ticker.
Reply:
The company is not focused on anything in regards to the ticker. The ticker would be doing alright if we received more detailed information, especially a 10K.
Quotes:
"Only communication was explanations of the released pr's."
"The company has turned tight lipped due to manipulation of the conversations. Some ppl have spoke to the company others have not. But some of the ones that did, twisted conversations around and posted a little something different than what was said."
Reply:
How do you know what was said in those specific conversations? and how do you know that they were twisted around? Were you privy to those conversations ? Were you on the call? Are you Tim, or are you Chris?
LOL - I did ... I waited until the 15th May when they had all the chances to deliver their 10K.
Oh I see - you wanted me to wait and give them a chance to dilute more... hahahah!
Thank god I took my money from this POS to ELTK. Got in last week at 1.45 out today 10.45. With that, I made up my losses here. Still holding my 8k just to see what happens.
Good luck all.... enjoy the ride down into the seven levels of hell with this one....
Amazon and Ebay provide their shareholders with updates REGULARLY and file their financials in TIMELY MANNER. They care about their shareholders, thats how they make money. They care that their business is run in a profitable manner and that includes taking care of the shareholder. If I found out a company was screwing over their shareholders, I would not buy from them.....
One way to prove whether there is dilution or to prove there is no dilution -- DROP THE F"ing 10K. They won't because they want to dilute and have you guys keep buying their shares. I hope they prove me wrong, but this is way toooooo muuuuch BS to not be dilution.
DROP THE 10K... and all will be answered. Debt? Yes, EPS will be shit. Dilution? Yes, looking like we will be at or above 5M shares OS. 30 days at average 80K per day = 2.4M, now take the 1.9M from previous report... and you are at 5M shares OS.
Sure, if revenue was 9M and OS was 5M we are looking at maybe a 1.80 SP, but not really, no one will trust them not to dilute anymore and we are looking to go back to maybe .60, if we are lucky. BTW this puts us at .0001 pre RS. No one else is looking to buy into a company diluting 2.5 M shares a month, with 20B AS to dilute.
Good luck with all that!