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Re: maverick_1 post# 69109

Tuesday, 08/09/2016 11:29:05 PM

Tuesday, August 09, 2016 11:29:05 PM

Post# of 824208
Hi Mav. Do you think we eclipse 200 million shares in 2016? With the 6 million mortgage due in November, I believe it's not only possible but likely.

Wowzers, over 200 million outstanding by the end of 2016! Who would of thought? Oh yeah Austin and a few others warned of it last year. They were laughed off the board at the time. Not so funny now is it? I'm guessing you saw the massive dilution coming too, but just didn't say anything. In fact, I would go as far as calling you a hindsight visionary. Certainly sucks for those of us holding warrants or options.

At least Linda has been able to offset some of the dilution below $4 with the most favoured nation shares issued this year. Mmm..I can feel myself getting mad again. And I was doing so good.

What would a $10 million financing at current prices look like? Based on the most recent raise in July, looks to me like a 50 million share dilution. Yep, for just 10 million dollars. Doubt that's even enough to pay the bills through 2016. Ugh what a mess this has turned into!

Maybe in a year something good will happen but we will have been diluted so much (and reverse split by then) to the point that none of us long the stock will make any money for all the years of misery. Would be fitting for this investment.
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