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Re: razorback74 post# 35628

Friday, 09/15/2017 1:48:45 PM

Friday, September 15, 2017 1:48:45 PM

Post# of 42617
The potential OS is now over 150 million shares not 200 million.

From the 8/14 Filing:

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

June 30,2017

Options 284,166
Warrants 65,228
Series A convertible preferred stock 115,000
Series B convertible preferred stock 41,842,241
Convertible debentures 61,122,346

Total potentially dilutive shares as of 6/30/17 = 103,428,981

Total potentially dilutive shares as of 6/30/16 = 41,842,241

The table above for all periods has been retroactively adjusted to reflect the Reverse Split.

As you can see the dilution potential is over 103 million. Add that to the OS as of 8/14 (46,781,423) and it pushes the potential OS to over 150 million shares.

A far cry above the 4.9 million OS after the RS. To claim there has been no change in the float or dilution is incorrect and misleading. Wouldn't you agree?
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