I have a question. We'll call it a hypothetical question to avoid certain other kinds of responses.
I know a lot of longs believe that Utopya will eventually come out with a product. So hypothetically speaking let's just say they do eventually come out with a product.
My question is this..... And again hypothetically speaking.
What if the only way Utopya could come out with that product was to work out a deal with Dustin Secor to have a bunch of his Series B stock transferred to "friends and family" of the Utopya team so that those "friends and family" could use the Series B stock to convert into free trading common shares to sell into the market to raise capital for the Utopya business operations.
Let's say that it would take approximately 1,000,000,000 shares of dilution to raise approximately $5 million for operations ($.005/share average selling price). I assume in this hypothetical situation that shares sold by Dustin Secor resulted in money in Dustin Secor's pocket and not in the Utopya piggy bank.
Questions:
#1) Would you want to know in advance that Utopya was funding their operations through the selling of shares into the market?
#2) Would you be okay with it if Utopya has been funding their operations that way especially knowing that they not only hid that information from you by gagging the TA, but they also misled you into believing just the opposite was true (no dilution) and strung you along with coming soon promises to encourage people to buy and hold while the dilution was taking place knowing full well the funding from the share sales would be needed first?
#3) If you knew in advance that no phones could start being produced until after a billion plus shares were diluted by "friends and family" would that have changed your investment strategy?
