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Re: Jiminy Cricket post# 17546

Thursday, 07/12/2018 2:00:21 PM

Thursday, July 12, 2018 2:00:21 PM

Post# of 21832
We are all very aware of dilution! I wouldn’t invest without doing my due diligence. They do have some dilution left. Still, some of the notes are not available for conversion for another 1-2 years. Additionally, if they open and are revenue generating, that will increase share price and decrease the number of shares needed to be converted as convertible notes are based of dollar value and not number of shares. Finally, dilution at this point can’t exceed the 3 billion share count (currently approximately at 2.5 billion) because the increase in Authorized Shares, though approved, has not been authorized yet and may not happen. It was only authorized in the event they needed to raise funds, but if they open the lab soon as is expected it may no longer be necessary. As for a reverse split, most likely the SEC won’t approve one this close to their 2nd RS. Also, it would greatly benefit them to wait a couple of years to do it and wait for those convertible notes due in 1-2 years mature. This way the share price following RS increases and remains more sustainable making them more attractive for acquisition which is every labs objective.