Bowmo Inc (BOMO)

[Greentime1]

Why would they dilute 95% directly into the O/S? Why wouldn't they use preferred shares with a higher conversion rate for the majority of equity for the incoming entity?

If, as you claim, the incoming entity added 95% to O/S on merger that would shoot market cap immediately to 48M, based on current market cap of 2.4M
(0.0076 * 315661186 OS)

2.4M/0.05=48M market cap upon merger, based on your assumption. That market cap is WAY too high for Charlie Grangers with the current store count.


Seems much more reasonable to assume preferred shares will be used as majority of equity for incoming company.