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Re: Motor City Cats post# 57325

Wednesday, 07/29/2020 11:43:10 AM

Wednesday, July 29, 2020 11:43:10 AM

Post# of 64320
The increase in the number of outstanding shares is sad.

Recent 10K and last couple 10Qs from 2919 showed pretty steady 179 million... 181 million.

10K March 9, 2020. 181,347,218

10Q May 11, 2020. 186,857,749


Current Outstanding as of today (7/29/2020) 226,947,257

Anyone know the extent or size of the "death spiral" financing that's putting all these shares into the market... When we might it be done or close to being done??

Or why management thought additional capital was so essential that it was worth diluting the company so badly?

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