It's far more than 11 Billion. Don't forget Weenie Wayne's RS split of 1 for 300.
That was not a recapitalization. When Wayne "took over" in 2010, the OS was 149M and he went on a toxic loan and share selling spree taking the company to a staggering equivalent of 85 Billion shares O/S at the Reverse split in august 2013.
That is a staggering 57,000% dilution in three years.
And now we sit 4 years later and it has again "grown" from 285 Million to 11 Billion....another $3900% dilution.
And now we have the invention of the equivalent of 31 TRILLION common shares in the convertible "D"s. That sounds terrible until we realize that Wayne has already sold the equivalent of 3.3 TRILLION pre split shares.
And what do shareholders have for those 3.3 TRILLION shares?
A NEGATIVE $2.1 Million in net assets.
Lordy
I love Carrots. But that is just my opinion. Like all of my posts are just my opinion. As in "MY OPINION ONLY".
