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Friday, December 02, 2016 5:16:39 PM
25,000,000 / 177,000,000 = .1412
...the percentage that could be called dilution would be 14%. That's throwing away the other 11 days of trading since November 16th and about 27 trading days prior to November 15th.
One in 7 shares being traded...is massive dilution?
Those 25 million shares could have been gobbled up on November 15th, when the share price ripped from $OO13 to $OO78 (6 bags!), without even a noticeable burp! One day! Eaten! All of them! That is not massive dilution.
It helps to know penny stocks and 'massive dilution' before playing them. I re-rest my rested case. Thanks...I'm off to my beach bar...
Good day.
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