Monday, August 14, 2017 4:10:23 PM
The "financing" you speak of at .0002/share came by way of The Scotti Bros investment in BRSE when BRSE (then EMJI) was zero x 0001. This represented confidence because these individuals (amongst others) purchased shares at a 100% premium.
Dilution only occurs when debt is CONVERTED into equity at the actual moment of conversion.
Clearly Christopher is being extremely transparent when stating that the company has mplemented this reverse stock split to accommodate an ample supply of newly issued shares that will be utilized to service the loans it takes to make future acquisitions.
I'm not really sure how to make this any more clear to you. You appear to be an intelligent individual so I shouldn't need to explain the simple process but it remains clear as day that this outstanding share count will not remain at 8.7 million shares. It will be increased by way of newly issued shares to service the loans provided to the company, and these shares will be issued to the note holder at a substantial discount to the top bid
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