VirExit Technologies Inc (VXIT)

[OMOLIVES]

!I was reading back on previous posts and can not believe how blind so many were...and are. The last quarterly showed in plain sight how frequent shares were coming to market. More unbelievable was that no one individual correlated the amount of shares given several points(outstanding updated by filings or Transfer Agent) being March , Mid April, end of April, Mid may, and June 4th. It's fairly easy to correlate inventory turns(shares coming into market) with daily/weekly volume. Dilution during that April to June frequency ran roughly 21% to volume(ie 10 million volume means 2.1 million in dilution).

So again..doing the math:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149336196

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149336842

But here is the real kicker...right in front of your eyes. The first raise of Authorized shares to 500 Million and establishment of preferred(series E)

https://www.otcmarkets.com/filing/html?id=13368271&guid=TSUxUqSU23Hzc3h (Filed 04/19)

extracted:

Adoption of Amended and Restated Articles of Incorporation filed with the Secretary of State of Nevada to affect the following:




authorize our board of directors to change our corporate name to a name selected by our directors;establish corporate codes and committees of the board of directors;change the number of shares of capital stock we are authorized to issue to 500,000,000, consisting of 490,000,000 common shares and 10,000,000 preferred shares;authorize classifying the board of directors in three separate classes with staggered terms.


authorize the issuance of preferred stock with preferences, limitations, and relative rights designated by our board of directors;designation of shares of Series E preferred stock that are entitled to the number of voted double all other votes.

!!!! Overview

Our board of directors may authorize, without further shareholder approval, the issuance of shares of preferred stock or common stock to such persons, for such consideration, and upon such terms as the board of directors determines. Such issuance could result in a significant dilution of the voting rights and the stockholders’ equity, of then existing shareholders.



There are no present plans, understandings or agreements, and we are not engaged in any negotiations that will involve the issuance of capital stock. However, the board of directors believes it prudent to have shares of common stock and preferred stock available for such corporate purposes as the board of directors may from time to time deem necessary and advisable including, without limitation, acquisitions, the raising of additional capital and assurance of flexibility of action in the future.

But when they raised it again(pending) to a rough 2.5 bill...everybody screamed without reading the information...foolish:

https://www.otcmarkets.com/filing/html?id=13476120&guid=TSUxUqSU23Hzc3h

extracted:

!!!Overview

There are present plans, understandings or agreements, and we are engaged in negotiations that will involve the issuance of capital stock. Accordingly, the board of directors believes it prudent to have shares of common stock and preferred stock available for such corporate purposes as the board of directors may from time to time deem necessary and advisable including, without limitation, acquisitions, the raising of additional capital and assurance of flexibility of action in the future

When you change the wording from "NO plans"...to "ARE plans" ...that should make it pretty evident why the raise and why you start paying attention. Again...if you did the Math with regards to converts...you would know when to start moving in. If you read those filings....you would also know that the shell is about to change quickly. Wake up...and plan and play accordingly! And so it goes.....