$UATG That is certainly what Alex said. Here is en excerpt from a email he sent me.
Alex Umbra Lastly the term dilution gets thrown around a lot in the pink sheet world but I am not sure it’s actually understood. This company has not diluted the share structure that is to say that this company has not sold any shares period. No one that is employed with this company has sold a single share either as it is strictly prohibited and to which I have full signatory control over. Debt was settled and that was executed through liquidity but not a mechanism of actual dilution. That said the company has settled its debts and there are no additional free trading shares being issued by this firm either through an exemption or executive authority.