Tantech Holdings Ltd (TANH)

[Skinny Mulligan]

Acutely aware of the situation. Been in this LT. Normally wouldn't be phased these antics. Since SP is below NBV, all you need to do to protect from dilution is participate in the issuance enough to maintain the same ownership %.

The problem here is the MASSIVE scale of dilution - 75%. I (and all existing shareholders). We would need to buy TRIPLE our existing shares. Not mathematically possible for everyone to do that (since insiders got all the new shares). This should have been a good pumper argument; surprised it wasn't seized on.

I was not overly deep, but enough that even at 50 cents I couldn't do it. Not to mention that offering really wasn't "public". I requested instructions to participate next day and no response. Have bought 1/3rd of what I need since the announcement at .50 & below. But still need to double what I currently have. I can pull that off if SP falls to $0.38. But I refuse to pay up for any more shares. It has to hit new lows for me to buy. Looks like manipulators are helping me out a bit.