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Re: cjstocksup post# 76754

Wednesday, 07/12/2017 1:37:08 PM

Wednesday, July 12, 2017 1:37:08 PM

Post# of 183214
Of course there has been dilution. Conversions and dilution are the same thing. I think people get worked up about the word dilution and think it only means the company taking money out for themselves. A note converting is also dilution and there is no question, that has been going on for the last two months or so. BMIC and VNDM were riding the ask with 10k lots for the longest time. They adjusted their numbers but continued to sell on the ask for about 60 days or so and I do not think they are done as we know their is an outstanding note for $325k that comes due in August. There has been dilution and unless the company pays off that outstanding note, their will be lots more in just a couple weeks. If they ever get around to filing the financials, we will find out for sure but perhaps the reason it has taken so long for the financials to get "ki8cked out" has been, they don't want anyone to know about the notes that are converting...