I've read enough posts from dholmes to know he guesses as much as anyone else. Go back and look at his posts where he claims over and over that dilution was done. Then look how quiet he gets when BKRT drops on L2.
Go back and read where he claims that I can't read that only 49% of the voting power is accounted for with the 7 voting members in each of these filings and not the >50% claimed.
Here is what you should know.
Our Board of Directors approved on March 2, 2016
the adoption of the Corporate Action amendment to the Company's Articles of Incorporation (the "Amendment"), on March 22, 2016
Reverse Split 200:1
That should put an A/S of 8,000,000
The company is setting itself up immediately after to have (i) four hundred million (400,000,000) shares of Common stock with a par value of one tenth of one cent ($0.001) per share
The Common Stock Authorized Share Capital Change would give the Board of Directors flexibility, without further stockholder action, to issue shares of common stock for purposes including equity financings, as well as share issuances upon the exercise of convertible securities and stock purchase warrants.
So, rs then increase.
Now go back and read the April date that dholmes mentiions.
Common Stock Authorized Share Capital Increase and the Series B Preferred Stock Authorized Share Capital Increase by filing a Certificate of Amendment with the Nevada Secretary of State approximately twenty (20) days after the Mailing Date, which is anticipated to be on or about April 21, 2016.
Try to spin this however you want. This is not good news. This continues to fill management's pockets with money from the stockholders. Like I said before, solid science, garbage management.
