There are a great many dilution horror stories out there.
The one I'm familiar with is Pervasip.
The PVSP 10-Q filed October 20, 2010, stated:
3,710,059 shares of common stock, par value $.10 per share, as of September 30, 2010.
Strangely, they skipped 20 days of share count...
The next filing, a 10-K, Mach 16, 2011:
The number of shares outstanding of the registrant’s classes of common stock, as of March 15, 2011, was 14,501,280.
From 3.7M to 14.5M shares, that's a solid 390% increase.
There was no share issued for asset purchse during that period, it was pure Convertible Debt dilution.
If the share count seems low, it is because Pervasip underwent a 10-to-1 Reverse Split in September 2010, just prior filing the 10-Q.
Latest share count:
As of September 3, 2014, the Company had 1,007,549,997 shares of its common stock, par value $0.00001 per share, issued and outstanding.
