My analysis was a worst case scenario. I don't believe all shares were converted at .01225. But, there were a couple of notes with a 40% discount instead of the 30%. So, the .01225 average has to be close for all note conversions. I believe the increase to 203M shares could be the last tranche or possibly one more tranche next week of 10M for a total of around 213M O/S from my analysis. It appears the dilution is slowing down and the PPS is holding strong above .02. I plan on adding next week to my stockpile. GLTU
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.