Monday, March 25, 2019 12:40:21 PM
We are talking about mainly one bond holder with a value of 16 million dollars. Do you really expect them to put these to shares all on the same ayy and then sell them???
Why would they do that? That would kill the value of their bonds! No they will do it bit by bit, so they get the most money for it and as soon as the price drops, they get more shares.
Making them get more and more shares without them losing money, but the comon share holders will see the price drop. They don’t care. Because they will not keep their shares. Every time they get them, they sell them. And they get new ones once they are sold. So they don’t get 160 million shares, but billions like Kevin stated.
Remember this dillution path:
November 11, 2016, there were 1,413,490,221 shares of common stock outstanding
August 18, 2016, there were 646,024,221 shares of common stock outstanding.
April 22, 2016, there were 204,745,625 shares of common stock outstanding
November 20, 2015, there were 57,021,234 shares of common stock outstanding.
Do you think all of these shares where bonds converted to shares at the same price???
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