Tuesday, July 05, 2016 11:14:19 AM
They reversed this twice down to 1,200,000 shares. They are now at 2.5M shares. So post split they issued 600,000,000 shares. What they did was smash down the structure prior to signing their agreements and when the timing is right they will execute the new stock issuance.
There will be a 30-60M share float with 5-10M not in thier control. Instead FS the structure to what is a "normal" structure of 30-50M and then do your issuance.
IN the end, whatever they do, they will end up with 80% of the float and the other 20% will be worthless. If the final outlook is say 50M shares and a one product company is worth say even $20M, then at these levels there is a massive risk.
Just my thoughts, but I guess we will see in 9-18 months!
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