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Re: PENNYl MASTER post# 47573

Thursday, 04/28/2016 5:55:29 PM

Thursday, April 28, 2016 5:55:29 PM

Post# of 83957
Not to mention all the times we heard that all the converting was DONE...
that there wasn't any DILUTION.


diannedawn Member Level Tuesday, 03/08/16 04:43:52 PM

Quote:

If everyone ranting about BKRT and dilution would simply take the time to read a 10-k or 10-Q and comprehend what the notes say they would see that there is no convertible debt left. There is accounts payable that is being converted...but thats minimal.


Yeah..."minimal"

LMAO


Then we find out that through the period of "no convertible debt left" and "minimal" payables...
SOMEHOW the O/S went from
"704,330,491 shares of the issuer’s common shares, par value $0.001 per share, were issued and outstanding as of November 20, 2015."
https://www.sec.gov/Archives/edgar/data/1445235/000106299315006389/form10q.htm
to
"1,515,559,058 shares of our Common Stock issued and outstanding"
on the March record date.
https://www.sec.gov/Archives/edgar/data/1445235/000106299316008449/pre14c.htm

After INCREASING the A/S THREE times last year...
September...650,000,000 to 1,600,000,000
June...150,000,000 to 650,000,000
January...75,000,000 to 150,000,000
+ they added the Series A and Series B shares in April...
which started out as 1,000,000 each and they increased the Bs to 4,000,000 in September.

This company has gone from
"As of the record date, there were 39,271,829 shares of our Common Stock issued and outstanding"
in the proxy dated 12/5/2014 (last O/S data we had before they started diluting the crap out of this)
http://www.sec.gov/Archives/edgar/data/1445235/000106299314007016/def14c.htm

To "Number of shares outstanding of the registrant's class of common stock, as of April 14, 2016 was 1,563,559,058."
https://www.sec.gov/Archives/edgar/data/1445235/000106299316008992/form10k.htm

ALREADY another 48 MILLION in ONE MONTH.
(since the March record date...for context, notice that is MORE shares than they had OUTSTANDING in 12/2014!!!)

Nope! NO DILUTION HERE! NONE WHAT SO EVER!!!
ROTFLMAO


The GRAND TOTAL is now 1,524,287,229 shares they've blown through in about 18 months!
And now they've set themselves up to RINSE AND REPEAT!

WHAT A JOKE!

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