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Anthony Santelli

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Anthony Santelli

Re: LTE post# 3445

Friday, 10/11/2019 7:38:22 PM

Friday, October 11, 2019 7:38:22 PM

Post# of 6769
The increase in share count is relatively limited as compared to just about any other Chapter 11 case in a company that is pre-revenue. Usually, in a Chapter 11 case, the Company gets taken over by the debt holders and the shareholders lose everything.

Although some dilution has occurred to keep the Company alive, management has every incentive to minimize dilution going forward.
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