Saturday, May 18, 2019 1:25:50 PM
This is the relevant part of that statement.
Notice that the highest price mentioned is $0.10 per share, or 10¢, which has been the current price of the stock since Wednesday. That means that if all the owners of the company's convertible bonds convert those bonds into common stock, there will be an additional 160 million shares and that the total number of outstanding shares will now be 190 million.
However, if the price doubles from here to 20¢, the dilution caused by that new stock would be cut in half. Instead of seeing 30 million outstanding shares increase by 160 million to 190 million, the number of outstanding shares will only increase by 80 million to 110 million.
Using the company's own figures, we can easily see the sharply reduced risk of dilution if the price goes even higher. If the stock price is tripled from the current price to 30¢, the number of new outstanding shares will be only one-third of the 160 million specified in the company statement. The 30 million number will only be increased by a little over 50 million.
The company's statement fails to mention any positive outcome of a stock price that goes higher than 10¢, so again, I wonder why the company doesn't see the positive outcome of the release of their financial documents, starting with the 2016 10-Q.
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