Bemax Inc (BMXC)

[Vector93]

I don't think you know what dilution is. Of course they were given common shares....in February.

As a result, the OS increased (dilution)....in February.

If they sell their shares now, it's not going to change the OS, the shares are just going to change hands.

Ex:

January - 100,000 shares OS

February - Creditors paid with common shares, new OS is 200,000 shares. This is dilution.

March (and forever more) - Creditors sell their shares to someone else. OS is still 200,000. No dilution.