Sunday, August 05, 2018 4:33:03 PM
Interestingly, the 1.685 million shares after the reverse split also implies there were 1.685 x 250 = 421.25 million shares outstanding BEFORE the reverse split. Yet, their only SEC filing before this reported 268,749,677 outstanding shares as of July 10. That means between July 11 and July 24, they diluted 152.5 MILLION shares and never reported that except when they alluded to it via the 1.685 million POST-split figure. It's indeed interesting and almost magical, prophetic even, what math can show us, right? This figure and expected net proceeds matches up exactly with the fact that they ran out of money on July 13 and had to get down on their knees and hands to beg Hudson Bay for cash. That was something I incorporated in my figures. The numbers, my friends, do not lie.
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