AI
Sunday, August 02, 2020 11:33:46 AM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156779618
The recently filed 10K showed that AITX has even more debt than was last reported in the previous 10Q I referenced.
https://www.otcmarkets.com/stock/AITX/disclosure
Principal owed on convertible debts grew from $6,016,829 to $6,613,625
Interest owed on debts grew from $1,826,286 to $2,778,583
The hole is getting deeper which means even more dilution necessary in the future.
According to the 10K, AITX is estimating 62 billion in dilution due to the convertible debt:
AITX did a SS update on their OTC Markets page which shows the float grew from 17m on 6/15/20 to 186m on 7/22/20.
https://www.otcmarkets.com/stock/AITX/security
Obviously since 7/22/20 it has grown much more.
The volume keeps increasing as the price drops because the bigger the O/S gets the more stock the toxic financiers can receive towards their debt conversions at one time and the lower the price goes the more stock it takes to pay off the debt.
AITX is about the biggest toxic mess you'll find in the OTC Markets right now.
That is why they brought in the dilution pumper king = Brian Conway
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