Image Protect Inc (IMTL)

[biffbifford]

Dilution is as bad as previously thought.

Shares Outstanding 1,615,609,629: 09/30/2019
Share Outstading : 1,915,609,629 :10/31/2019

I figure they will dump another 700 million and keep a billion in reserves. But, this is just my hypothesis, without seeing the financials and knowing the terms and conditions Matt Goldman was hired upon, we are nothing more than watching the company use shares to finance their operations. This is not a new phenomenon but it would have been nice to have had a conference call with shareholders by management and given an idea the obvious is happening.

I hope this helps!

Best,

Biff