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Hobo Joe

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Hobo Joe

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Wednesday, 08/12/2020 1:17:01 PM

Wednesday, August 12, 2020 1:17:01 PM

Post# of 41921
According to their annual, they reported 10,343,330 outstanding common shares on December 31st. We'll call that Jan 1st.

If you take that number, to reach their current OS (1.2 billion), the number of outstanding shares would need to increase by 80% on average each month.

If my numbers are accurate, since Jan 1st, they've diluted their stock by 11653.29% overall. That... kind of seems significant.

With dilution being so bad over that span, the only thing that could offer a silver lining would be evidence that it has indeed slowed.
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