InvestorsHub Logo
Followers 75
Posts 7486
Boards Moderated 0
Alias Born 04/18/2006

Re: Vijitha post# 158833

Sunday, 02/18/2018 12:01:44 PM

Sunday, February 18, 2018 12:01:44 PM

Post# of 255638
There is some ongoing dilution right now, but it is for removing debt from the books. 1.8 million or so from prior management that they settled for around 800k. The agreement calls for release of tranches of shares until that debt is paid, I would suspect they are close at 50% or so, but just speculation, update should come March 15 in 1st quarter fins, as the company is on October 31st fiscal year end. Good Luck.

"To Give Anything Less Than Your Best, Is To Sacrifice the Gift." - Steve Prefontaine