Atlas Lithium Corp (ATLX)

[baystock1]

from latest 10Q:

Future Potential Dilution

Most of the Company's convertible notes payable contain adjustable conversion terms with significant discounts to market. As of September 30, 2017, the Company's convertible notes are convertible into an aggregate of approximately 293,542,262 shares of common stock. Due to the variable conversion prices on some of the Company's convertible notes, the number of common shares issuable is dependent upon the traded price of the Company's common stock.

=> based on the above potential dilution, I won't be buying any more shares in BMIX until there is some clarity/resolution on the conversion. If there is conversion at anywhere near the current low share price, then I may double up in order to preserve my percentage ownership.

Hopefully the company has learned from their mistakes and also will soon be generating some cash flow and so this will be the end of the extreme share dilution.