Seaniemac International Ltd (fka BETS)

[gibbon1]

??? How you figure? Currently the OS is nearly 500 million with the 200 million reserve they are filing for with the new lender in the S1 that will put the OS at 700 million. If you look you will see last year BETS had loss of $700K. Lets say BETS gets cash positive they would have to make profit of $700K just to have a market cap of $7 million dollars and that would put the PPS at .01. So that being said currently if they lower the AS to 850 million that will mean they will be 150 million shares from maxing out the AS. There has been steady dilution this week alone the OS grew. So not sure how they plan on not maxing out the AS especially since the S1 may take some more time if it has been filed and if so Iliad will convert another 50+ million come April 1st. So curious to see what the company does next. I would bet BETS does an RS after AS is reduced so they can bring themselves back to the OTCQB or a higher tier of trading. Especially if they want institutional investors to take them serious IMO $BETS