Friday, June 15, 2018 10:09:53 AM
Which hurts the stock more, shorting a million shares, or issuing 1 and a half Billion new dilutive shares in 3 months, that have been immediately dumped upon unsuspecting shareholders ?
I'd say that would be the known 1.5 billion, not the hypothetical million.
Quick calculation: if $214K of debt converted into 1.5 billion shares, $715K of debt convert into ?????? billion shares (assuming the stock price does not craters, which it certain to happen).
Also, the huge effective discount $213,824 / 1,505,166,503 = $0.000142 a share means that the toxic lenders made money like bandits, on the back of hapless VTNL shareholders, so their $214K of loans gave them $898,016 worth of stock, for a tidy $684K profit !!!!
Life is good. For the toxic lenders. The shareholders get $@fted.
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