Cuentas Inc (CUEN)

[Sooah]

I already read and it is not staggering. NYBD issued restricted shares for settlement of old debt and a big part of the current O/S reflects the issuance of those restricted stock:

NO T E 10 – SUBSEQUENT EVENT

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that other than listed below no material subsequent events exist through the date of this filing.


1. In April and May of 2014, Asher Enterprises Inc. and Redwood Management, LLC converted $125,660 in convertible notes payable into 572,484,212shares of restricted common stock.

According to NYBD's fillings made with the SEC, the following is the situation in re of the A/S:

On January 14 , 2014 the Company increased the authorized number of Common shares from 750,000,000 to 1,500,000,000 shares of common stock. Subsequent to March 31, 2014 the Company increased the authorized from 1,500,000,000 common stock to 2,500,000,000 shares of common.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9994825


All things considered, there is absolutely nothing extraordinary about NYBD's S/S so it is pointless to carry on with the dilution speak.

I've seen a lot worse than NYBD's books and regardless, stock can trade well above pennies and this is a fact.