FuboTV Inc (FUBO)

[TJG]

Absolutely WRONG. I am amazed how people have no clue how the issuing of shares works... Having 5 billion in the Authorized does not mean you simply can issue them at will to yourself. Thats simply not how it works.

Short version and I would suggest reading up on it... You use those shares as collateral when you are getting a loan from someone.. What any public company does is they go to a lender and say I would like to borrow $50,000.00. You work out the terms and use shares as your collateral. They give you the money and you give them a note that says in six month to one year they can begin to convert that note into common shares and sell them. The company gets the money up front the lender gets the shares at a premium...thats how they make money off the loan. Companys by SEC rule can not just give them selves shares from the Authorized Share count... Thats why the have to have a Transfer Agent... the Transfer Agent is the one who actually issues the shares...NOT THE COMPANY. You have to tell the TA what the shares are for before they issue them... They are also regulated and if they issue shares that are against the SEC regs they will be in big trouble.

This is called Checks and Balance. So again, learn how it works before you spew miss information. Learn who issued shares from this company...learn when they issued them. Then you will learn why saying the current management is diluting is an ass a nine statement.