Blue Line Protection Group Inc (BLPG)

[King Dut]

MRDALE - I think we can look at dilution a number of different ways right?

1. According to RS Preferred shares (100M) after RS could be an indicator.

2. 14M authorized shares with only 8.44M issued could be another indicator.

If Number 1 happens then we could assume that those shares would be procured by institutions. Thus in my opinion, Number two would dilute, thus making the Institutional buyers unhappy. I don't see that happening.

That stated, keep in mind the common shares owed to Galvin and his boys (HYPUR), which can be found on the last quarterly. I then must deduce that if the current shares (After RS) have not been diluted, that another action to pay them their shares in the future must happen.

So I believe the question we need to ask ourselves is: Is the difference in what is owed and what remains after the RS greater than (or equal to) the number of outstanding shares that are owed to Hypur?

Thoughts?