WellTek (WTKN)

[cruecu]

i don't currently own shares here, but the confusion arises because the verbiage in that filing is anything but cut and dry..regarding a split. I'm far from the only one that feels that way. I look at many filings daily, and this doesn't read like any normal "reverse split" verbiage I've seen. Maybe that's intentional. Who knows.

So as of June 30, 2019..on the semi annual report filing...the float was listed as 51.3 million. Obviously the chart shows there has been no dilution since then. If they did a reverse split of 60:1, the float would be just over 855k shares. That would be absolutely ridiculous. Even if Ken wanted to then dump the shares he received from the 14k note payoff, would anyone be on bid to buy them with that float? I don't see that. He could have been sniping bids over the last few weeks from .01 to .07 and obviously he hasn't. The par value of those shares is lower than trips. Why not do some of it when you release "107 million dollar funding news?" If that news is BS, what's the point if you don't dilute into it? This is a strange one here.