Saturday, March 11, 2017 8:01:57 AM
While there are problems with figuring out how many presplit additional shares, since they seem to keep issuing more and more convertibles constantly, you are basically correct on the general idea.
The 2 billion pre split common shares is only what got issued. That does not account for any of the preferred conversion, all of which is going to convert and swamp the existing common shares with dilution.
My calculation was a 95% dilution of the existing common shares, which is close to your calculation.
This is why I referred to the existing common shares as 'decorative', they really have no control of the company and can expect absolutely nothing from the company.
The one and only value of the common shares is that they are a way for insiders to collect money in return for a worthless product or worthless service.
The ONLY use for whatever the current product or service is that the company is pumping, is for the fairy tale of a story they present to the retail market, the muppets, to get them to buy the decorative common shares.
They did the same thing with SirenGPS and they are now going the same thing with the web site.
Things were so bad after SirenGPS that the stock went no bid for weeks at a time, with millions of shares on the ask at $0.0001 with zero buyers and zero volume.
Go through the past history back then and you will see all kinds of glowing reviews of 'how great SirenGPS' is and how much money they were going to make. In the end, there was never any revenue, and they wrote off the product as worthless.
Louis J. Desy Jr.
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