Centaurus Diamond Tech. Inc. (fka CTDT)

[Naval Nomad]

I didn't notice the additional shares issued until today. I posted the relevant part of the last 10-Q below but my thoughts are it would appear they paid themselves back and then some with the first 30 million, and they didn't explain what they needed to do with the second 30 million issues. I think we've all expected dilution eventually and it's been far better than I anticipated two years ago, but this would be very frustrating if not for the share price coming back up to 6 cents lately. Thoughts?

Also, an interesting development: http://www.businessinsider.com/diamond-foundry-raises-money-from-leonardo-dicaprio-and-other-billionaires-to-grow-diamonds-2015-11

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Note 7 – Stockholders' Equity
Shares Authorized
Upon formation the total number of shares of all classes of capital stock which the Company is authorized to issue is four hundred fifty million (450,000,000) shares with a par value of $0.001, all of which are designated as Common Stock.
Common Stock

On June 8, 2015, the Company issued 30,000,000 shares of common stock at $0.018 per share to pay down $150,000 of the advances from shareholders. Since the value of the shares issued is $540,000, the Company recorded the difference between the $600,000 and the $150,000 as loss in extinguishment of debt for $390,000.

On June 8, 2015, the Company issued 30,000,000 shares at fair value of $0.018 per share for a total of $540,000 in exchange for services.

On June 8, 2015, the Company issued 1,000,000 shares at fair value of $0.018 per share for a total of $18,000 in exchange for website design services.

Note 8 - Commitment
The Company signed an agreement to issue 6,150,000 shares of common stock as consideration for the acquired Autogenous Impact Mill Technology. The shares have not been issued as of June 30, 2015