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Wednesday, May 08, 2019 4:41:43 PM
I think the dilution could actually be done for a bit now, follow my train of thought here...
So the OS actually was just updated recently (umm.... on 5/3/2019 I think)...
According to the $GXXM Security Details page OTC Markets here at:
https://www.otcmarkets.com/stock/GXXM/security
The new OS is 562,769,244... Account for maybe 75 to 90 million more this week, that brings us to around a total OS of 637,769,244 to 652,769,244 currently...
More importantly though... Before the OS was just updated on 5/3/2019, it use to say something like 348,7XX,XXX, call it 348,700,000 which is what TD Ameritrade still shows the OS as... I think if I remember right, that was as of 4/2019 too, so in the last month they diluted a total of 289,069,244 to 304,069,244 shares...
I don't off hand know what might be the average share price these shares were sold at, but even if we say $0.0011, that's a value of $317,976.17 to $334,476.17...
Of course this is all rough math, but if I remember right, the note they had to pay off was something like $250,000 or $256,000, and maybe interest.... Which lands us in similar ball park figures here... And again all this math is rough estimates...
My point is, it might be fair to actually say that the dilution is over or almost over until I believe 8/2019... Which might actually be why MAXM disappeared this time instead of jumped up to $2.00 or where ever he sat on the ASK after dumping shares... Plus, I did notice that MAXM dumped "endless" share blocks of 1,000,000 at $0.0012 today, and right before disappearing, the "endless" share block size shrunk to 10,000... So it might be possible he settled the last bit today....
At least until (I think) August, 2019...
We'll see.... I guess as early as tomorrow, whether MAXM shows back up to dump or not...
Recent GXXM News
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- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 02:09:47 PM
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