Santo Mining Corp (SANP)

[SteveWin]

Agreed! And, in early 2018, Frankie did a whole lot of that. He's not the only one, either.. find any penny stock board here, scroll down the messages, and soon enough you'll find folks complaining about "dilution", where the company execs try to raise cash by issuing more shares. It's pretty much the standard for OTC penny stocks.. its how a $0.26/share stock becomes an $0.0004 stock...

The only good thing about dilution in these triple-0 tickers, is that an exec planning some dilution, will pump the stock with some wet dream news release "..announces a deal to purchase 1000 Antminer S9 bitcoin mining systems.." in order to bump up the price so he can get more cash selling the newly printed shares.. that bump can be an opportunity to make a quick buck or two. The trick is, the exec has to buy (or.. his wife.. his brother.. his dog.. buys....) half as many shares as he plans to issue, in order to maintain control of 50% of the company shares so he can vote to authorize MORE shares. Here, Frankie currently has about 800 million he could issue, so he'd have to buy about 400 million of the 0001s before a dilution, to preserve his majority vote. And, that's one reason why big buys with no explanation and no current company news (like we have here..) can be a sign of an upcoming price move.

But yeah.. Frankie can "print" shares.. but he has to do or "say" something to put some value behind those shares, to make them worth printing...