Galaxy Next Generation Inc (GAXYQ)

[MoneyWords]

I, too, would like to know about the 11%. Furthermore, aside from the Reverse Split, this company is issuing over 4 Billion new shares as explained in their Galaxy Next Generation shareholder update (July 17, 2018). This represents a huge dilution. I recently read the following via Wikipedia: "...A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive number of shares into the market (using follow-on offerings) for no particular reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders.
Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme..." To me, that seems to describe what FLCR is doing here.
The Bank of Greece did this to "raise capital" in 2015 and disastrously fleeced their shareholders. Stock value, overnight, went to 16% of its original worth. People lost $Millions. They eventually had to take down their U.S. OTC stock because the U.S. Bank, NY Mellon, decided not to continue handling their business.