Worksport Ltd (WKSP)

[buckyboy]

Read the Q. It does appear that the funds are being used to fuel growth. But, to say there is no dilution is completely wrong. Time will tell if his A/S stands up as is throughout 2018. GLTA

During the period ended September 30, 2017, the Company issued 62,144,524 common shares pursuant to the conversion of the convertible promissory notes discussed in note 4. (not exactly sure as a few notes are discussed in Note 4)

During the period ended September 30, 2017, the Company issued 3,154,574 common shares in connection with two consulting agreements, the fair value of which was $100,000. The consultants paid, in aggregate, $3,154 for the shares, and the remaining balance of $96,846 will be expensed over the 180 day term of the consulting agreements. (about .032 per share)

During the period ended September 30, 2017, the Company entered into a share issuance/ claim extinguishment agreement as disclosed in note 6. Pursuant to the debt assumption agreement, the Company issued 10,400,000 common shares during the period ended September 30, 2017. As at September 30, 2017, 24,600,000 common shares remain reserved for issuance pursuant to the share issuance/ claim extinguishment agreement.

During the period ended September 30, 2017, the Company issued 3,000,000 shares of its common stock. The proceeds of $38,010 were receivable by the Company as of September 30, 2017 and were received subsequent to September 30, 2017. (about .012 per share)

During the period ended September 30, 2017, the Company entered into a consulting agreement, pursuant to which the Company will issue 12,500,000 common shares of the Company, upon written demand by the consultant, in exchange for consulting services for a period of 18 months. The fair value of the 12,500,000 common shares to be issued was estimated to be $375,000 and the Company has recorded this amount as prepaid expenses and share subscriptions payable as at September 30, 2017 as the shares had yet to be issued as at that date. The Company has also recorded professional fees expense of $8,929 during the period ended September 30, 2017 related to this agreement. (about 03 per share)

Weighted Average Number of Shares (basic and diluted) three months ended Sept 2017....from the latest Q

205,243,762

Nine months ended Sept 2017

184,081,305


https://www.investopedia.com/ask/answers/05/weightedoutstandingshares.asp