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| Alias Born | 05/06/2014 |
Thursday, May 22, 2014 4:52:36 PM
Plotting the trajectory here:
The outstanding shares number hit 355 million on May 15th according to the 10Q, so the blue line kept going straight.
So in the first quarter they were issuing about 20 million shares per month while the average price was about $0.03. That's a nominal $600K per month of stock being issued to pay the loan sharks.
Hmmm. $600K per month x 3 months = $1.8 million x 40% discount from market = $1.08 million to the sharks. Cyclone lost $1.097 million for the quarter. That seems to explain that.
If they keep up that burn rate they'll have to go up to 60 million shares per month of 1 cent stock. If the price doesn't drop any more, they've got 9 months of stock left to sell before it's all gone. (But, the price has been dropping about 18% per month for the last 10 months.)
And here's the market capitalization:
The outstanding shares number hit 355 million on May 15th according to the 10Q, so the blue line kept going straight.
So in the first quarter they were issuing about 20 million shares per month while the average price was about $0.03. That's a nominal $600K per month of stock being issued to pay the loan sharks.
Hmmm. $600K per month x 3 months = $1.8 million x 40% discount from market = $1.08 million to the sharks. Cyclone lost $1.097 million for the quarter. That seems to explain that.
If they keep up that burn rate they'll have to go up to 60 million shares per month of 1 cent stock. If the price doesn't drop any more, they've got 9 months of stock left to sell before it's all gone. (But, the price has been dropping about 18% per month for the last 10 months.)
And here's the market capitalization:
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