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Re: DiscoveryStock post# 42941

Friday, 04/06/2018 6:36:59 PM

Friday, April 06, 2018 6:36:59 PM

Post# of 86313
Dilution size dependent on OS, not daily volume

Because the diluters are getting their shares at 50% of the average of the three lowest trading prices of the previous 20 trading days, they're getting shares at $0.004 to $0.005 and can sell at the ask or dump into the bid and still make a great profit.

The diluters are limited to 4.99% of the OS on any given day before they have to file as 5% shareholders. On March 1, with 46M outstanding shares, that limited them to dumping less than 2.3M shares/day.

By the end of March, LIBE's 134.5M shares meant that they could move 6.7M shares per day, and in fact, the 88.1M share increase meant that they were averaging 4.2M shares/day.

LIBE's OS was likely very close to 160M shares at the start of the day, which makes 7.9M shares of conversion today possible, and could easily get there via a combination of dumping into the bid then selling at the ask via "buyers on the dip" being excited by Conway's Facebook post about the financing deal he's working on.

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