Bangi Inc (BNGI)

[wallstreet1231]

But you didn't address the concern outlined below. What are your thoughts? See below:



Serious question here. The news states: "Motion Entertainment recently announced the launch of its 2017 amplifier range, a revolutionary product line that will hit the consumer markets coinciding with Summer NAMM 2017."

NAMM 2017 is over four months away. In the last four months COBI's outstanding and issued stock has gone from 1,858,830,930 (10/26/16) to 3,162,995,180 (2/22/17). This is an increase of over 1.3 billion shares in the last four months. With the authorized shares being 3,997,999,997 there is just slightly over 835 million shares remaining before the authorized is maxed out. Therefore, with NAMM 2017 being four months away, the past four month increase in float being over 1.3 billion and only 825 million remaining in the authorized - will the authorized be maxed out resulting in a potential share structure change - such as a reverse split etc. One would think that with the launch of this new product the costs to launch it would be significant. Comments???

My opinions as always.